Whereas curtains you can easily throw in the washing machine.

Yes, the intention is to build a primary residence for my family to move into. 

We were able to get into it with a 5% down primary residence loan.

I buy homes as a primary residence with 5% down and move into them keeping my previous as a rental and the area that I live doesn't have new builds that would work for us, otherwise I would buy a new build. 

Once the rehab was done I refinanced out of the private loan into a conventional loan as a primary residence.

Great for personal residence but not for scaling.  

I just acquired one from a PM where they were charging a tenant a resident benefit package and a building protection plan.  

This means that your permanent residence is excluded (except if you are doing a house hack in which the part that is rented out is eligible for cost segregation).

To the nuts and bolt question of what defines occupancy, it is the place you reside and spend the majority of your time/nights.

Investment Info:Single-family residence buy & hold investment.