Although they may cash flow, the additional upside is slow because it is based on appreciation (if it appreciates), principal pay down, depreciation, inflation hedging, and tax benefits. 

Personally, I do not think that the rents in the Triangle (Raleigh/Durham) have caught up to the price inflation over the past few years. 

But if the house is keeping up with inflation, how much is it going to cost you to sell it and buy another one? 

T&T facing some inflation. 

With the market being so inflated and uncertain, we find that STR and MTR are the best ways to maximize cashflow and ensure you're in the black each month. 

It was the rinse and repeat part of screwing over the public and the inflated values that misled the buyer, it's difficult to use comps for a mobile home that has had lipstick put on it when some may be so old they don't show up in the blue book.Most here advocate fair dealing, some need to learn what that actually is.

The biggest concern I would have is if the current owner is inflating his rents a bit in order to increase the building value. 

Based upon a small amount of inflation you should at least be able to get your money back. 

Population growth and inflation will take care of you long run and you will have quality tenants and easy management.

You pay more taxes, but then your income is inflated to help you qualify for a larger loan.