But after a period of time (1-2 years) you can change your intent and use it as your primary residence. 

Rent will be collected during that time, depreciation will be taken, and where they are being built they will also appreciate in value over that time period.

We will definitely make sure to live in the home for the set period of time to follow the guidelines if we utilize those financing options.

Id like to set it up so that I have multiple tenants come during the period of time that I am in Texas. 

But they were all more or less the same offer, when amortized out over the balloon period!

On different properties there isn't a "waiting period."  

The landlord/owner can only increase the rent 2 times over the course of a 12 month period even if you sign a new lease. 

Then have a sherif deliver the formal notice to quit to them and explain to them in person that if they’re not out by then you’ll have to take them through the whole eviction process which could damage their credit and make it difficult for them to find an apartment in the future.Your biggest risk here is if tenant B and C move out but A remains and drags out the process through the current federal protection period which now till September. 

This will be easier if your inspection period is not over yet.

I've started pre-leasing effort during the due-dilligence period but so far no LOIs.