In my experience 2bd renters are typically older and don't have kids who might add extra wear and tear on a property. 

If you're currently on a 30 year and you're just breaking even on rents covering mortgage, insurance, and taxes and not able to save extra for repairs and maintenance, I personally wouldn't do a 15 year.

You might want to learn advance creative negotiation methods.I don't care where you go in the US, there are deals to be made if you know how to negotiate them.Maybe some ideas on creative methods will help you find what you are looking for.Try, Hybrid offers, delayed settlement, principal mortgages, vertical break ups, take backs, study periods, subject to public auctions, friendly joint ventures.Control and Roll is a great way to sell properties you don't own and to make fantastic profits.CharlesWow the honest truth will hurt today, but help in the long run.

Once you find out the truth you would be required to disclose .  

. $200 a month extra cashflow = $2400 a year, what are you going to put that money towards?

What would be wrong with a double close other than some extra closing costs?  

But truthfully you really haven't given enough info to tell.  

Of course, if you want to achieve $5k-15k EXTRA equity from day one, do what Wholesalers do - except KEEP the properties instead of re-selling them!

Low rent tenants are willing to live with more flaws, fewer extras, and won’t be as demanding about discretionary maintenance and improvements.Fewer evictions.

Good job on removing the fireplace, it does offer some extra space.