Apply as First Home Buyer or as a Landlord?

[Mike Huang]

Hey BP,

So I've been talking to various lenders about getting pre-approved for my deals and several of them have come back to me about buying the house as a first time home buyer, with the intention to live in the property, rather than as an investment property. 

Now I don't plan on living on it but since I still live with family and do not have a place of my own yet, I was told this could be treated as my personal residence, even though I plan on renting out the units (looking at multi-family). With this, I would get lower rates. I wasn't pushed to do this but I was told that this is one scenario I could consider.

What do all of you think?