Loan for first rental property

[Parth Desai]

Hi,

I am planning to get our first rental property with one of my friend. I am in Texas and he is in Washington. We have applied for a loan as a primary house but lender company is asking for lot of details like they are asking for a proof from my friend that he is moving to Texas and wants his employer to comment on that.

What will be the best way to get a loan for first investment/rental property? Should we apply for a loan as a investment property with higher rates or is it possible to get a primary residence loan ?

Any help will be appreciated!