You only need 15% down to buy an investment or 10% down to buy a Vacation home but if you can use VA that’s 100% if it fits into your entitlement.

I am on a monthly lease for May and told them I will post a notice to quit in May to vacate by May 31st. 

Eugene can be a great STR market as the UofO brings a good amount of traffic, and there aren't (currently) any regulations like those in a lot of vacation markets.

You can give a written notice to vacate, however, if there is pushback, you will need to take proper legal measures and file for eviction.

It really hit me probaly 10 years ago on vacation seeing wealthy people at the pool who can't see their own feet when they stand.

Use AirDNA to help determine a solid geographical area to maximize ROI & vacation desirability.

What kind of airbnb would this be - for traveling workers, vacation spot, tourist spot? 

This includes family vacation homes, business property, etc.  

There are also a lot of people converting some of their units to vacation rentals, which further skews the numbers. 

I do not want spend my W2 income to cover house mortgages, to not have pressure if things like layoffs will happen, so my plan is to buy house in a good neighborhood that may have appreciation and some minimal cash flow after all expenses (management, maintenance and vacation).