And this is a general status of things across the board for REI, the bar of professionalism has GREATLY increased. 

In the case of a roof, etc. you could renegotiate a higher sales price (amend the contract) to cover the cost of the upgrade (if the market will bear the increase).

It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?

Increase the term of your loan.  

Wanted to seek some advise in getting some help...

Yes there is rent increase but only to the extent of what is reasonable with your competition.

Expecting to make 65K my first year, and looking to see what I can do to increase my net worth.

I am a business owner from Grand Rapids, MI with ~100 employees, and I have read several Robert Kiyossaki books, (increase your financial IQ, Cash flow Quadrant, Loopholes of Real estate and a couple more)  I am just recently diving in head first on real estate investing.  

. - Probate deal, it came from a relationship with a Realtor.3/2 1250Closed Sept 28 2015 Rehab completed 11/3In Escrow 2/1/16Purchase 174kOriginal rehab budget 30KFinal Rehab cost 45k - the decision to increase the budget was critical to remove the Quirkiness of the home.

One way or another, however, the investors must work to pay down loans, increase rents and decrease expenses wherever possible.