We cleaned up the place, Added efficiencies such as additional insulation and new plumbing.

For finding potential rentals, try calling for rent ads and see if the owner is interested in selling.

We then create a second position note on one of our rental properties that is leveraged under 80% and bring up the leverage to 80% as long as the cash flow can support the added debt expense.

A few that come to mind:Since you say the second building is an added bonus, try to find more long term, higher paying tenants (but that should be a no-brainer).

I would like to convert it into a 4/2 by adding that extra wall of Sheetrock in between and another door.

I can certainly make some suggestions on a Georgia-tested lease, but I've gotta say this first...If you're raising the rent anyway, I would strongly urge you to consider adding in enough margin to have the property professionally managed.Property management is where most buy-and-hold investors lose their shirts!

I find less info in the ads are best.

@Mike G. in the state of Texas mobile homes are taxed as real property and will be added to your real property tax account.

Adding on to @Thomas S. comment about attitude. 

The many added bonuses of course include that you'll avoid all kinds of tenant-related problems in the room and be able to address all sorts of suspicions, so your notice should read, "under 24-hour surveillance for your protection."