I plan to live there while I renovate, then pull out my investment upon refinancing.

A few helpful clarifying questions, hopefully help get your wheels turning as well, would be:What are you planning on doing with the property and what is your exit plan?

I plan to live in in while I renovate it, then pull out my original investment (and maybe a bit more) upon refinancing.

There is a lower ratio program of .80% in cases of low rents but the rates are higher usually in the 8.50 to 9.50% Be careful of your prepayment penalties as well it can lock you into a high rate or cost you money if you plan on refinancing in 12-24 months.If you ever have any specific quetions feel free to reach out I am always happy to help and talk REI!

I have been very impressed by their business plan and professionalism.  

Do ya'll still give them the 30 days notice,  plan to give back full deposit, etc. etc. if they are caught up on rent?  

But it can be done and whether you'd do it, where, what kind of properties you'd buy, ... will depend on your objectives, financial resources, knowledge, connections, ...Also, opportunities can be very different from country to country and within the same country, as it is within the US.Financing could be different, when available, but a 100% cash investment can be more profitable than in the US, especially given the high interest rates.My best advice is to be clear about your objectives and narrow down your options.

A mixed way is often best, with plans for money coming in and extra backup for any surprises.

Only poor planning.

I only use it for my personal stuff, and exclude anything that has to do with my rentals, which I'm assuming would be the plan for yourself.