Especially when you factor in the labor to install, for a marginal amount more, you get a much more durable product with a deeper wear layer. 

this is heavily dependent on many different factors.

I did factor a 5 percent vacancy... but not sure what those other 2 are 😂

Cap rate is a good guide, but you need to verify all the income and expenses, consider the cap ex expenditures that you will spend now and in the future and factor in potential rent growth, expense reduction (or the opposite). 

Depending on those factors and how big the property is, there may be a short term impact to rents this values as well but I am in the camp that over the long term, it is a positive for values.

I always recommend the biggest loan possible if all other factors, especially cashflow, are the same.

(There are other factors in play as well)It’s April 10th and no rent has been received.

Some buyers are backing out of deals or sitting on the sidelines during COVID unless you can factor in enough equity in the deal to hedge potential losses. 

A lot of investors shy away from them because there are factors outside of your control and the HOA fees can kill a lot of deals. $500 in HOA fees is usually better spent on paying down a mortgage and saving for your own CapEx. 

So all the factors suggest the benefits of waiting outweigh buying now.