Be careful it does not go into default : mature as the fees pretty much typically double

Take care of any reasonable property related issues quickly and expect your tenant(s) to take care of their responsibilities quickly also. 

I provide all built in appliances but not the fridge unless it came with one and I don't care about it.

That's up to the lender, but many don't care for layered structures.

HOWEVER, I recommend reading Stuart's advice above very carefully and perhaps soliciting his feedback on the deal in more detail before putting too much more time into it. 

I think it’s the only way to go, learn a lot, you care for your property the best you can, etc.Steven

Do they care if it's financed or cash? 

Finally, we do not care about your tax returns, etc.- since these loans are primarily based off of the asset as collateral.

Well it will need to be life changing events like having kids, new job, divorce, taking care family members etc but the rule of thumb is to live there for at least one year then being able to rent it out and converting it into an investment property.

I don't care what anyone online says if you live there and have tenants at your home it will be a job.