If a property that is worth 5.3 million today at 6% cap approximately, can be bought at 5% interest rate; if the same property I could get at 4.3 millions in 2 years if the market falls, then interest rate possible at 6-7%, my cash on cash may be better but still not significantly better due to the higher interest rate, plus opportunity costs of sitting on capital for 2 years (1.3 million investment earning 1% bank interest instead of 7% COC if invested, loss of tax break depreciation, total loss may equal 200k loss in profit), plus increase in the rents and some value add could increase the cap from current 6 to 6.7 or so in 2 years.Unless, I find another source that can give me a COC of 7%, sitting on cash for 1.5-2 yrs for market to correct may itself be a loss.

I would imagine the extra service life would justify the cost increase over carpet.  

If it hasn't been painted over, there may be a greater chance it's on the newer side.

Goals: -stable cash flow, not as concerned about appreciation (check, assuming description is correct in saying they've had stable tenants. rental price should increase in the next couple years so i have some assurance there)-looking for min $100/unit (check)-C+ neighborhood (check, borders some B/A neighborhoods in upper Ohio City so hoping some absorption goes that way)Other things: -20% CoC return (almost check - Changing purchase price to $53,000 and have tenants also pay water/sewage would bump this deal right up to my criteria of 20% CoC.) 

After 6 months paying it on time every month, they increased it.

With MH T/I increases to $7500 month and $345,000 year.

I been in my new apartment 3 weeks even agreed to pay a rent increase.

I wanted to start investing in rentals, specifically SFH due to the stability of tenant and greater chance for appreciation. 

The chances of the tenant actually suing are incredibly thin.  

If you "tell little white lies" there's a reasonable chance people will find out anyway, then you'll REALLY look bad!