New OR house hacker questions

[Matt Parker]

Hey BP family,
I found a duplex off market that I intend to house hack with my VA loan. The seller is an older guy and wants to retire from real estate. He's had the same tenants in place for almost a decade and their rents are about $600 under fair market rent according to rentometer. I have a few questions:

1) the VA loan requires me to close and occupy within 60 days. If I'm not mistaken, the new requirement in Oregon is a 90 day notice to vacate a tenant after an offer is accepted. Any way around this?
2) If I become the new landlord, Am I restricted to the 7% rent increase cap? I want the tenants to pay fair market rent. If they can’t, I’d like to advertise for a tenant that is willing to pay that rent. For reference, the tenants pay 1200 a month, but fair market rent is 1800. 

3) if the tenant isn’t willing to pay the higher rent, do I have the ability to replace them due to being the new landlord? Will I have to work some

Kind of cash for keys or pay a relocation fee (I know SB 608 states you’d only have to do that if you have more than 4 properties. This would be our first).

Thank you! Any information would be greatly appreciated. 

[Chace Fraser]

@Matt Parker you are in sticky territory here and if you do anything wrong, and the tenant pushes back, you'll lose in court.

There are 4 loopholes to SB 608 on why you can terminate a tenant. Here's a link to an easy summary of SB 608 

1. The seller will need to serve 90 day no cause notice of eviction, and pay a relocation fee, before you close. And then, as mentioned above, you can close 35 days after that (to satisfy the VA requirement of moving in within 60 days of closing).

2. It doesn't matter if you're the new landlord; the tenants' rights are the tenants' rights. You can only raise the rents 7% + CIP

3. You can't "no cause evict" a tenant without a qualifying reason. Those 4 reasons are in the link provided.