I thought they don't allow STR unless the property is your primary home?

Debating on what to do with my current primary home as a job is taking us out of state.

It is good to know the area, but I think you are focusing on the wrong thing if that is your primary focus.

We just put an offer in on a riverfront one bedroom cottage on a half acre property in Oregon that we expect to be accepted, here's how I plan on purchasing the property with less than the cost of an apartment rental deposit in SoCal:Purchase price is $330k as a FHA Primary Purchase with 3.5% down ($11,550) and a 2.5% ($8250) seller concession towards closing costs.

I am using funds from Heloc on Primary. 

We own our primary residence in the Bay Area to looking to diversify in other markets and these seemed promising.

You could refinance, but you would be left with unfavorable terms given the higher rates and it sounds like it will be an investment loan, not a primary loan. 

If you assume an FHA loan it has to be a primary residence for the first year.

My primary points with investors or operators are:- Design and Decor..updated aesthetic appeal can go a long way.

That's what I did.My primary residence is in Mebane and I have an LTR in Graham.