A finished lower level with 9' ceiling and 8' drop ceilings, big open living area, "kitchen" area, storage area, full bath, and full bedroom.

Frame a storage area in the basement that can add a reason to a marginal rent increase.  

.), and I suggested that the agent use the term "storage closet" as he opened the door for the appraiser. 

-Storage units Small closet size or even garages.

We add dishwashers, central HVAC in everything we rehab, and try to add some other nice feature when budget allows - full fenced in yard, for example, or nice storage shed, something like that. 

self storage maybe 

The lender will probably not object, since it will assume the seller has implemented an estate planning device.

Bedrooms are small and no in-room closets (has large-ish hall closets and attic storage however), one of the bedrooms is a walk-through.

One thing I want to negotiate in the deal is a small concrete building used for storage that is owned by an adjacent land owner that the current owner knows they are willing to sell.

However, I currently work for a very large self storage management and real estate company, so I have gained a lot of insight on self storage, as well as real estate and management in general.Now that I have realized I just created a short story, I think I'll end this exciting tale of the Hero Accountant and the Real Estate Dragon now and let you get back to living life and making millions.