RESIDENCE Definition & Legal MeaningDefinition & Citations:Living or dwelling in a certain place permanently or for a considerable length of time.

It's the first time that I get advise other than watching youtube videos :-)

I also recommend you look for recent blog posts or YouTube videos from Dave Meyers.

@Garrett White check out this video. 

I had trouble finding a bank that would do two dwellings and ended up with a loan requiring 25% down and a few upfront points with 7.5-8% interest rate depending on lock in day.

Incredible value delivered over many years here at BiggerPockets, and that's JUST on these forums, not counting 500+ BP Money podcasts, more YouTube videos, comments across the Facebook groups, and a partridge in a pear tree. 

The key part to my opinion is that you have a single-family home with shared space, as opposed to a duplex or a two-level house which would be two separate "dwelling units."

I have photo documentation and videos of all of this.At the end of the day insurance would not cover this and we had to pull the claim.They are charging us for the full amount and I’ve been able to reduce it by about a 1/3 from $3000 to $1900. 

Just watched Bigger Pockets podcast/video about picking a market here as well as read through this article about markets with both appreciation and cash flow here.First lesson - keep the end in mind.

There was this guy on youtube that explained it quite well (have a look from 07:59 onwards)I watched his other videos on the STR markets for Marbella and Valencia... quite interesting content.