Do I need a lawyer for this type of purchase?

[Robert Burgess]

Hi everyone. I have two questions: 1) I am thinking of buying a second-home in Florida that has yet to be built direct from the developer. Do I need a lawyer in this transaction? 2) What are the pros and cons of designating the home a second home versus an investment property? I can get a lower mortgage rate if I plan to use it at least two weeks a year, which I will, and rent it out on a short-term basis the rest of the time. But the rates are higher if it's designated an investment property. Taking advantage of the lower rate seems like  a no-brainer. What am I missing?