would a house I am buying with my parents be considered a rental

[Chris Patao]

I am buying my first home, it is a personal residence in Texas.  I had to have my parents on the loan due to me being a full time student and the money I get from the GI Bill not count as income.  Would the house I am buying with my parents be considered a rental for them?  I will be occupying and paying the mortgage. I was thinking that they could get the tax benefits of checking on an investment when they visit. I appreciate the insight and if you know a good lawyer in Texas please refer them to me.