Hence, I'm considering adding on a bedroom and bath and refinancing, (also I could add a small bedroom in the basement for 1/4 cost of addition, probably more aligned with making a rental). 

One thing no one has mentioned in this thread is the value of the time you are spending on this exercise. 

As well as many more.In addition, you have to make sure the property aligns with your goals and objectives.

Additionally, the MLS listing reported there were new ceiling fans in each of the rooms but there weren’t any!

But the new owner, an out-of-state investor, just raised the rent by a few hundred dollars and demanded an additional $1,000 for the security deposit.A mother of four, Ms.

You can of course simply go to MHA and say, hey these tenants are month to month and I want to raise their rent because they haven't had it raised in a while.....THey will most likely look at that....and then,, presto...instant additional cashflow.....and most likely the MHA will pay the extra amount...not the tenant.Easy Peasy

So, you may need to consider some additional upgrades there.You have to consider the layout and number of inside units.

They asked for pictures and also asked us to allow them to have someone come to inspect the carpets again and requested they send someone for an additional cleaning. 

For additional piece of mind you can reach out to an attorney for a small fee and they can set it up for you.

I like to use Rent Range or Rent Fax to estimate rents in addition to checking Craigslist, Zillow, Rentometer, etc.