We then take the utility bills determine base rate split and usage rate. 

That means they can get a 50% discount on the winning bid.If that's the case, they a) knew they'd kill the competition by smashing it to $200,000 and b) know they weren't going to pay any more than $100,000 for the house. 

And most are variable rates.

With no experience you may have a bigger interest rate but if you have good margins on the hose, you should be OK.

I really do try my best to be an awesome landlord, but it’s starting to not feel worth the time and energy.The house is at a 2% fixed rate so it’s hard to consider selling (at least right now), and getting the tenants out of the house would cost at least $5k per the Portland laws.

Never even asked for the discount. 

Perhaps someone with more knowledge on the neighborhood rental rates can chime in.

Is there partial fixes (ie. new roof, wind resistive windows and doors, etc.) that will accomplish what you want on reducing the rates.

Because I have an LLC, I have a B2B account with them and get a 20% discount making things a bit more affordable.  

Here are the #s:Asking $129,0002 bed 1 bath 718sqftEverything has been updated15% Down - 9.5% Interest rate - 30 yrs amortization, no ballon Rents around $1000 - 5% Vacancy - $700 Taxes yr - $741 Insurance yr - 10% Property Management - 1.5% of rent for Maintenance and 5% of rent for capital expenditures.