My lease says, "The Tenant(s) shall, at their own expense and at all times, maintain premises in a clean and sanitary manner, and shall surrender the same at termination hereof, in as good condition as received, normal wear and tear excepted."

I'm sure you understand that the rubbish is neither clean nor sanitary.

That will bridge your gap down to about a 5,000 net using back of the Napkin math (I don't know closing costs in Oregon, i am in Texas ).

Student rental, you may be able to get more in rent because you could charge per room, but let's set that aside for now just to do a back-of-the-napkin calculation.IncomeAnnual Rents (12 x $3,000) = $36kExpenses (before repairs/maintenance/capex/miscellaneous)Annual Depreciation ($600,000 x 50% / 27.5) = $11kProperty Taxes ($600,000 x low estimate 1%) = $6kFirst-Year Mortgage Interest = $17kInsurance (just throwing a number out) = $1kTotal expenses = $35k$36k - $35k = $1k taxable income before repairs/maintenance/capex/miscellaneous.  

never done it, but i'd think the owner of the unit is liable for any and all club fees. including $50 napkins.

It's almost like having a free additional property at that point.If you want any help running cash flow, reach out anytime, but here's the basic formulas I use-https://www.biggerpockets.com/renewsblog/2013/01/1...You could have napkins on both the new properties and with the cash-out refi numbers in order to get a full picture.

Aaron Blevins Zillow is at best good for back of napkin that's why I suggest to people to bring their own comps on my site.

The police however, can attest to the poor sanitary condition of the house.

Just so I'm clear, is the $200k you were including in your back-of-the-napkin calc based on the down payment?

My Landlord let my housemate open a hair cutting business on our joined front porch. I feel this is very unsanitary and I should be able to vacate out of my lease. Am I legally able to do so? How can I fight this? The...