But being a neutral third party allows for viewing the scenario through a different lens.Agents should always request an extension if their client asks, it doesn't matter if the client has a valid reason to request an extension or not, the agent should still at least ask for the extension. 

In that environment, most of a passive investor’s concerns related to honesty, transparency, accuracy, and timeliness are managed by the administrator who is a neutral party.

That leaves $1300 for expenses not including PITI to be cash neutral. 

I think all investors need to find places to invest that work for their goals and having positive cashflow is often a defensive technique that allows us to invest in a downturn.Given the currently very tenant friendly laws what do you think of the possibility longer term of more neutral laws in Portland and how that would affect the housing prices and desires to invest? 

That being said you do not want to buy a neutral cash flow property or a negative cash flow property at a the peak.

Neutral paint is your friend

If it makes you feel better, take out $200k, you’ll be cashflow neutral (you’ll save a little because you’re turning a 24 year loan back in to a 30 year loan so your original balance payment will go down, and you’ll have $200k tax free in your pocket to buy something else if you so desire.

@Roman Santos Use a neutral third party such as a title company or an attorney.

Very minimal decor and also very neutral so it appeals to the widest possible tastes.

I would reach out to them before you close so that you can ask the questions in a way that is neutral meaning that you don't have a dog in the fight (yet).