I wish you would have told us the year, it makes a huge difference.Anyway, everything you mention, plus 1) get a camera run on the sewer line, 2) make sure the Elec panel is newer and sized correctly (a lot of HIs will just say if it's functional or not) 3) Foundation ( is it slab or raised?)

This raises a question because we had a lease agreement on file showing a rental amount of $2,000 per month."

The previous owner took exceedingly good care of the building and there was nothing that need to be done except to raise the rents.

I'm a Tyler native.. born and raised there.

Some lenders would raise the 20% with private investors through PPMs or unsecrued notes bank does not allow junior loans.

You might choose not to renew leases, make improvements, and then raise rents after taking over.

Being able to raise rents after the rehabs will sting at first (up front) but will definitely help moving forward with cashflow.as mentioned above, staggering leases could help mitigate. 

Individuals are purchasing these properties, rehabbing them, and raising rents.

The Charlotte rental market is experiencing significant shifts, and it’s raising some important questions for both investors and property owners.

This lack of responsibility and fairness raises serious doubts about the integrity of the program.Additionally, Kristin Witherspoon has also demonstrated a concerning pattern of wrongful terminations.