Anyone with conventional loan for Investment property!

[Atta Bari]

Looking for a first potential rental deal in White Settlement, TX. Looking for a possible way of using a conventional loan with 5% for this. I intend to move in but most probably might not be able to due to the long commute. However, the primary purpose of this property is to use it as buy and hold for the long term. Wanted to see if there is a way to use conventional loan (a loan for the First-time homeowner) for above scenario considering the fact I don't move in first 60 days. If so then what kind of issues could arise and possible ways to avoid.

This property is originally planned as a single family but the garage is converted into another 3/2, which technically make it two property on one lot. Based on county record, both properties can only be sold as one due to the way it is designed originally. Cashflow is great since both properties can be rented individually. Checking in to see if anyone has bought property like this and if there could be any caveats to aware of.

Thanks in advance.