You'll get better loan terms and lower interest if you owner occupy. 

They will be knowledgable on various areas that align with your goals and they should be able to help you pull your team together since they typically have various contacts in their market.

Do you want to try to make some cash flow or secure an asset for the long term so that maybe you can get some friends to rent rooms from you?

Yes it affects your short term cash flow, but averaged out over the long run (decades) gets you a more realistic view of what your actual cash flow looks like.And what would you expect to net after fees if you were to sell these properties?

If the interest charged is less, they charge income taxes on 4.9% as imputed (I believe that's the term)2.

Fixed rate long term debt is usually the goal unless you're flipping property.

Sounds like you're essentially renting to a roommate with a few more bells and whistles than room-shares typically receive. 

I lived in Sugar Land (until 2 weeks ago) and kept my old primary residence as a long term rental.

I'm particularly passionate about long term rentals. 

We have several different "types" of properties to include traditional single family rentals, one multifamily rental, lease to buy options with tenants who hope to buy from us, two short term rentals, and some agricultural farm land that is cash rent.