Is there room to add more bedrooms to any of the units to increase rents?

If keeping the ground rent in place will actually increase our depreciation amount, if seems we would be best served to find another (in-state) lender.Gary Fisher

The second part is to do a ton of research and see if the rents have also continued to increase over a long period of time...again it's probably safe to assume they will continue to increase.

This particular situation depends on the language of the inspection clause....either you have to show there is a major defect, or as is more common, like most standard Realtor As Is contracts, you may cancel for any, or no, reason at all during the inspection period.

Unless of course you have other ways (Standard type loans).Good Luck!

@Logan LarochelleIt is pretty standard to pay for such a matter out of pocket and then settle with your insurer - this is why you have an operational reserve in the bank.  

I do not flip but I just do not see the numbers working for a flipper unless he can do more than a rehab (i.e. add a second unit, etc) to increase the value.Good luck

This method won't increase my monthly cash flow much in immediate future, but as loans are paid down and hopefully appreciation occurs, my overall situation should improve dramatically. 

Monthly rent increase for that unit is $200. 

As foreclosures increase, more rental units will be required.http://www.deptofnumbers.com/rent/us/