If the borrower lies about that to get an investment property loan by claiming it's for a primary residence when it's not, then that's straight up mortgage fraud, which is a felony punishable by a fine up to $1m and 30 years in prison.

Quote from @Lucas Schlund: I have been having a very hard time getting a straight answer to this question, probably because im having a hard time wording it right, so just bear with me here.For my first deal, I plan on BRRRR'ing out of it to build my portfolio faster.

For my first house hack, it was actually pretty straight forward. 

@Jared Appel yes Straight Up Chicago Investors Podcast is a great resource.

This would make it into two, two bedroom units with the intent of making them long term rentals.I'm guilty of having a lot of projects going at once so my focus right now is bringing the cottage to a point to refinance out of the private money and either make it our primary residence for a year for the financing perks or to go straight into a short term rental.With the four bedroom house I'm trying to decide if it's worth splitting into two units or if I should keep it a four bedroom rental.The cottage I'm also tempted to do mid term with to lower the turnover and maintenance but open to suggestions.The third property I'll probably just let the current renters pay the mortgage for the time being if I'm able to acquire it anytime soon.

The FHA househack strategy is fairly common and pretty straight forward, a lot of people have been using this and/or the conventional househack (myself included) so have been on both sides of the table. 

Would you move in to one of the units or are you looking to have it a straight rental?

Not a straight up no, but not a straight up yes. 

Solid work, that was the best move to keep it straight through escrow. 

@Collin Schwartz This has been beaten to death in other posts, and I’ve done a ton of online searching and just straight cold calling banks.