Newbie Ignorance

[Mark Smith]

So here I am, getting all pumped because I'm looking at three properties (duplexes) this Sunday.  One out of the three really jumps out at me as the numbers work great.

My original plan:  5% down, rent out both units.  Parents are helping me out with the down payment as I don't have much cash saved, I will pay them back as rent dollars come in.

Problem:  I found out today from my potential mortgage lender that unless I plan to put 30% down, I must live in the property for a period of time.  I don't want to live there, I want it purely for investment purposes.  Are there other routes I can take to put less money down and not have to live there?