Covid Related Rent Control in Oregon

[Justin Hymas]

I am working to purchase a small multifamily in the Rogue Valley of Southern Oregon. I looked at a property with rents that were way under market (50%). My realtor said that there might be temporary rent control in place in Oregon. Does any one know anything about this? Any help would be much appreciated! I sure don't want to get stuck with super low rents that I can't change fast enough to create some cash flow.