First Investment Property, but Not an Investment Loan.

[Blakely Mize]

I'd be financing our first project as a personal loan, but I'm going to rent it, not live in it. 20% is required for an investment loan, but we want to take advantage of the first time home buyer opportunity I have. Are there any "beware of" factors for financing a home under a personal loan (legal owner), yet placing renters in it instead? Tax issues, utility requirements, govt mandates, etc.. 

I feel like this is the one time we could take advantage of not having to put as much down for an investment property. Every purchase after this one we'll put at least 20% down and it will be an investment loan. 

Any feedback would be greatly appreciated. Thanks in advance!