Mortgage and owner occupy Questions

[Joseph Seago]

Good day everyone!

I'm not an investor ...yet and new at this. I would love to listen to you guys opinions ( right or wrong and what should i do ? ) and thank you in advance. :-)

I'm planning to buy a property in DFW area with less than 20% down. Mainly for my brother to live there and commute to school. Hopefully can rent out a room with someone else (would be a big help with my monthly payment) . 

Is that okay to do that if im not physically live there ? Im not sure about all the rules so i thought Biggerpocket is the best place to ask . 

and do mortgage company really come to your property to check if you live there or not ? ( sorry for the silly question) 

Thank you