Anyway, we realized pretty quick that four people in a two bedroom apartment was going to lead to someones horrific death. 

Now, the property isn't all that expensive, and if you are prepared to break even, or take a small loss, in order to learn from the experience, seems like this would be a relatively safe way to do it.

When the time comes, dispose of the stuff, either through a local trash pickup or a dump run with your utility trailer.The main thing is to assert your possession of the house as quickly as possible and come through for the next of kin.

Of course, property values dropped in 2008 like they never did before so there are always exceptions.If you talk to the investors with decades of experience, they'll tell you that the blue-collar rentals are usually safe.

If they are professional, they can explain this quickly and easily.

@Connor Burke just based on my quick look 1) all I can see is the outside pic you posted in the calculator, but based on the age of the house from that pic and the description mentioning needing a "little TLC" $8k may be low for repairs, 2) if it were me I'd up the vacancy to at least 8% since 8.33% each month would give you a month's rent set aside each year (1/12), 3) again, I don't know the age/condition of the house but my guess would be 7% CapX is a bit low, I'd up it to 10%.Not being familiar with the area, I won't comment on the assumed ARV, rent, water/sewer, or property taxes you used.

If they are professional, they can explain this quickly and easily.

Might make a difficult situation go away quickly and with less drama. 2.

Only suburbs are considered safe to live.

After some quick research it seems profit sharing is not common right now in the Worcester, MA market.