The house looks a little odd, they removed a large window and put siding over it.

BP is absolutely great and best for networking...but your best bet is ACTION.

There are definitely situations that are just odd and yield a very nice profit:  a seller may offer you a super low price, just to get rid of the headache... or maybe you found a house in a flip area where rehabbers will pay top dollar...  

Is it a few odds and ends?  

But the way your friend did it seems a little odd.

So I would hold on to the house if I am betting on appreciation, but I would sell it, do a 1031 exchange and buy a rental in the Midwest or South where the monthly rental income to sales price ratio is at least 1% and closer to 2% is you are looking for cash flow.I am thinking of putting together an REI group in the Antelope Valley that meets every one to two weeks to discuss REI opportunities in the AV, as well as investing out of state. 

If you are out there in the market all the time, guess what happens to your odds of being in the right place at the right time?  

Your best bet is to talk to an eviction attorney in the city the property is in.

Zillow of course does not take into account the odd ball or different properties and unique situations.

Without seeing the full and complete lease agreement, I'd bet you are prohibited by the property owner from subletting and you'd have to gain approval of the owner to add new tenants as, outlined in the lease.