Can I purchase a 'vacation home' without having a primary?

[Asare Nkansah]

After doing some googling, it the answer isn't very clear to this question: If I currently don't own a primary residence (just renting), can I purchase a vacation home that I visit 2 weeks out of the year for 10% down? I know it's considered a second home loan, but does it actually need to be my 'second' home?

The reason I'm asking is because I have a friend that's interested in purchasing a property in a different state (Kentucky or Florida) to use as a rental property. We're looking for ways to lower the potential downpayment. Would appreciate any suggestions