Use first time buyer mortgage loan on my first rental property?

[Ed Henriquez]

Hello BP,

I just joined this community and am blown away by the bond everyone has in here. My wife and I are taking a leap in to this new adventure in Real Estate Investing and we are excited to go head on and dominate any challenges we may face.

Question I have is "would it be best to use our first time buyer opportunity to purchase our first rental property that we will live in for a few months before renting out or should we use a different type of loan for this purchase and saving our first time buyer opportunity on a home for my family?" The goal is to move my family into our purchased rental home in the same area we will reside in. Your advice is much appreciated and thank you in advance.

-ed