We're based in Calgary, where there’s a lot of pre-construction happening, and we’re aiming to buy a pre-con property as our primary residence.As a first-time homebuyer, I’m weighing two options: 1.

As far as I understand, as I am living in it, I was able to get cheaper down payment options.

It's not unheard of, but I couldn't understand why anyone would want to do that given there are so many other options out there.

I think Rooms to go would be a good option to get you started given your distance.

If you plan to invest in multiple states or require advanced asset protection, consult a CPA or attorney to explore options like a holding company structure.

If that's not an option then it depends on what kind of investor you want to be.

Also, you should ask for an option period, i.e. the first 14 days of the escrow, so that if you need to cancel for any reason, you can get your EMD back. 

Congrats on having an option. 

The most profitable option is Airbnb, the most passive is long-term room rentals, and a hybrid approach can balance both.

Having a backup plan, such as a HELOC or alternative financing options, could provide added flexibility.With loans spread across 19 single-family homes, consolidating into a portfolio loan might simplify management and offer greater long-term stability.