They are also less affected by tax law changes on things like bonus depreciation since their value is set by comps, which are mostly owner-occupants.  

An additional bonus of this method for your very first house is that you can get into the first one for next to nothing (3.5%)

I already have an agent, and am waiting to get pre-approval till I settle on my method of approach, but the round numbers I'm looking at for an FHA loan are ~$55k deposit plus closing costs (%8) for a ~$700k loan.

They'll be much more conscientious of how they use their resources too which is obviously a bonus. 

You also get a bonus calendar. 

✓Second Home Requirementsmust be occupied by the borrower for some portion of the yearis restricted to one-unit dwellingsmust be suitable for year-round occupancythe borrower must have exclusive control over the propertymust not be rental property or a timeshare arrangement1cannot be subject to any agreements that give a management firm control over the occupancy of the propertyhttps://selling-guide.fanniema...

Looking for something with some year round demand though I realize there were be higher demand periods no doubt.  

After much back and forth, Congress has approved the next round of stimulus relief for COVID-19.

Austin-Round Rock metro prices increased 19.7% from November 2019-November 2020 (the most recent data ABOR has released).

If we can find $100K in savings, then we would earn a $50K bonus after the project was completed.