One concern is overpaying in this market and hurting cashflow which may be skimpy first 6-12 months. 

My concerns are that there might be some structural damage only in the sunroom.

Also, no need to call out who is not on the lease... the new document will only pertain to the people listed on it.

The other concern would be if you pay utilities, this will increase water and electric bills.

@Daniel Walton, my concern with your numbers is you do not have any turn over costs, vacancy, repairs and maintenance, or Capex reserves accounted for.  

I understand the bathroom to bedroom ratio, that was one of my bigger concerns when first buying the house.

If you know a good Property Manager locally they can give you current rules and laws around evictions as they pertain to Oregon and Covid. 

Is anyone else concerned about upcoming inflation with regards to commercial properties?

Everyone on the property is concerned about health and safety related to Covid and we are all vaccinated, except for the kids.

he prolly claimed 30-40k last year, but has a business that will make well over 6 figures this year.So I'm concerned with neither of us having a big employment history refinancing might be an issue.