Oregon Rent Control Question

[Matt McElravy]

I have a duplex under contract that will cash flow in paper if rents are at or near market rate. After the seller accepted my offer, I found out rents just a bit higher than half of the market rate. I’d be losing $300/month. With the new laws, I can raise rates about 10% a year. I can’t evict the tenants without cause. The units are in great shape so I can’t use rehab card. I’m ok walking away from the deal but I’m wondering if there is a creative solution to the problem. Can I do cash for keys or something similar?