My best friend owns about 125 rentals and also mobile home parks. He owns about half of the trailers in the mobile home parks he owns and rents the homes out. He gave up on the idea of selling or lease to own due to government regulations on the lending / finance portion of the deal and the reality that he ended up with 80% of the rent to own or financed homes back in his ownership eventually, for a number of reasons.
He uses the flooring which is shown in a couple of the pictures above in all of his rentals. Its very easy to install and very durable. In fact, when he orders new mobile homes he orders them without any carpet and installs the "floating hardwood" himself. He buys it at Lumber Liquidators and he buys a lot of it, pallets at a time.
The flooring is easy to install as his crew aren't "precision craftsman" and the general result of their installs is the floor looks good and it wears well. Now, when his tenants change, he doesn't have to deal with carpet cleaning and spots and damage. He has had a couple of pieces of the snap together flooring damaged when someone drags an appliance across it, or something similar, but normal use doesn't seem to negatively impact it at all.
By the way, the 60 minutes story in March of 2015 concerning Lumber Liquidators and their flooring products having dangerous levels of formaldehyde in the product largely turned out to be much ado about nothing. As is often the case, the company paid a "settlement" which was in the $35 million dollar range, plus fines and penalties to the government. It made a big splash in the news at the time and killed their stock price.
Since my friend has used so much of the flooring in a number of his homes, he hired a company to come in and test the formaldehyde levels in 50 of his homes which had the flooring installed. He had just gotten 6 new mobile homes in that same month and I suggested he not only test the 50 homes which had flooring installed which could have possibly had the "affected flooring" installed, but also, as an interesting "bench mark", the 6 new homes which didn't have ANY FLOORING installed (as that is how he has the new homes delivered and they install the Lumber Liquidators flooring themselves). We also added 10% of the total homes being tested by adding in older homes which didn't have any Lumber Liquidators products in them.
In Summary, the three groups of tested homes were;
1. 50 homes which had previously had Lumber Liquidators products installed in them. These homes were occupied at the time of testing.
2. 6 brand new homes which had just been delivered within the previous 30 days and had not yet had any flooring installed and had not yet been "lived in".
3. 6 existing homes, which were occupied by tenants and which had carpet and did not have any Lumber Liquidators products in them.
Here were the test results summarized.
Group 1 homes tested on average at roughly 30% of the maximum allowable limits. The homes with the Lumber Liquidators flooring which tested the highest were still well within 50% of the allowable limits.
Group 2 homes tested at or slightly exceeding the recommended levels of formaldehyde for safe occupancy. The new homes without any flooring were all at 88% to 103% of the suggested safe limit levels.
Group 3 homes tested very close to the group 2 homes.
He went ahead and installed the lumber liquidators flooring in the 6 new homes in Group 2 and had them tested again for their levels of formaldehyde. Putting the Lumber Liquidators flooring over the new homes sub floors, etc. caused the test kit numbers to be lower. The test kits were placed in the exact same locations in the 6 new homes, before the flooring was installed and after the flooring was installed.
In the end, the homes with the Lumber Liquidators hard wood flooring tested lower in formaldehyde than any of the homes which either had carpeting installed or that were newly constructed. I made spread sheet and graph of all the details at the time, which if I can find it, I will post. It's been a few years so I will have to look around for the data. But clearly, the Lumber Liquidators products he had been using certainly didn't seem to produce any levels of formaldehyde which were of concern. In fact, they tested much better than the homes which used carpeting or were full of new building materials.
Based upon the test results and findings in his homes, he chose not to join the class action lawsuit which was filed by those who had bought the product. We talked about this extensively and felt like the entire matter was unjustified based upon the actual findings in his 60 plus homes which were tested, which make up a pretty good test group. Morally, he felt the lawsuit was unjustified and unfair and he wanted no part of it and I agree..........