Buying Home And not living in it?

[Frankie Betancourt]

Hello i was wondering if taking out a mortgage for a single family home first time home buyer and not Occupying it or renting it out and paying the monthly mortgage myself would be a bad idea investment wise. and then after 1 year rent it out? as i really dont need the home i would just like to invest in renting it out as it would take me a while to save up 20% for a down payment for a investment property thx

[Jim D.]

Terrible idea, financially and legally.