After moving the tenant out, the property manager repaired the damage, and in the process also replaced the furnace and pipes and put up new drywall in damaged areas. 

And it sounds like you're able to get amazing interest rate on that refinance effectively moving the debt to a 2.75% interest. 

I moved here from Florida after seeing the projected growth.

For context, in 2018 I purchased my first Oregon home (specifically intended for STR usage) and moved from LA to Port Orford.

:) Best wishes moving forward!

If they're in 2nd position and even if there's substantial equity how could they move into any type of foreclosure??

We really look forward to connecting with like-minded individuals and organizations who share our vision!

I am in the Tampa Bay Florida area and look forward to meeting, working and learning from those who are willing to share your knowledge.

I'm looking forward to contributing to this community and learning from all of you.Thank you!

And I need some clarification from those who are section 8 landlords.Regarding the actual payment to landlords, they said, "Once it passes the inspection and rent comparability (this is where we make sure your asking rent is the same as the market), the housing specialist will give the move in approval."