The most obvious is that you will be able to offset your mortgage with renting out a few rooms.

Best you can get would be 15% down as an investment property or if you can show proper intentions, you could call it a Vacation home which only requires 10% down as long as it is a (SFR - single family).

And yes, proper punctuation is essential for clarity!

Having the right insurance coverage/riders is critical - if you're not properly insured and something happens, the asset could potentially be wiped out.

Is it a 30 year mortgage? 

This way the tenant rent could pay for part of the renovations as well or the tenant could just reduce your mortgage payment so you gain wealth quicker to keep purchasing properties. 

My experience with the FBI  has been for mortgage fraud  Borrowers of mine committing mortgage fraud not with my company but other companies and a big one that was doing sub too deals and ripping rents and never paying on the underlying s they stole millions and 100s of loans went into default causing massive bank loss's and the original sellers getting their credit destroyed..

I’ve pondered buying a cheaper 100k rental cash to essentially fund a personal home mortgage if I could find one.

I see some investors in the central Florida area happy with break-even since they are looking for appreciation and on the other side, I also see investors looking for PI mortgage payment to be 50% of market rent so they can cash flow right away.

I’ve pondered buying a cheaper 100k rental cash to essentially fund a personal home mortgage if I could find one.