An entity that operates hundreds or thousands of apartment units has far less concentration risk than an owner of a few rental homes, whose tenants may all be impacted by COVID-19.Do you think Portland’s ten-year trend of positive economic growth for landlords will continue, or will it flatten out, possibly even declining in the wake of COVID-19?

And as this fleshes out and rents continue to rise, I feel like it's only a matter of time till renters are more open to this type of living.

If you have a lot of liquid cash + high credit score, it could be beneficial to use a loan (to keep yourself liquid) and then repay quickly. 

(Some have argued that the actions of the Obama administration were illegal taking.)The main problem with having it controlled by the government is that it has been, and will continue to be used for political purposes, right or left, depending on the administration.I'd rather see it outside government control.

How long do you plan to continue living in that property?

If I continue to charge $500 month, that's $6,000/year, If half of that went for maintenance, it's still $3,000/year.

I expect that the Fed will drop rates next week and will continue to do so.

Find another place to rent and continue saving

If you catch these at the pre-foreclosure stage as slow pays or initially in default all the better as the bank has less in collection expense.You can still work out a discount but even buying at the payoff it can be profitable depending on the property value.You can practically force a lender to sell as it can fully indemnify them as a full payoff as demanded, continuing with a foreclosure becomes a rather vengeful act by the bank to punish a borrower, they don't want to go there.

You have given me some good info as we continue figuring out our next steps.