That will tell you how it cash flows once you move out of the property and it is strictly an investment property.While you live in it think of it in terms of how much money you're saving on rent/mortgage.

The small local banks are also going to be less strict about your source of income, and care more about confirming that it exists and is reliable vs making sure it fits into a small box. 

In AA, they are pretty strict about enforcing rental rules.

If this is a rental, the best thing you can do is very strict screening and know the landlord/tenant laws of your state, then a very strong lease with a hundred particular requirements the tenant must obey.

Some officials are pretty strict.

Half the country can't qualify for a mortgage right now under the strict guidelines of the lenders.

Will it be strictly an investment property or house hack?

Is your criteria too strict? 

I can tell you how Ohio law regards the situation, but that's only helpful if you are dealing in Ohio property with an Ohio license.The NAR's Code of Ethics actually draws a more strict line than my state's laws.

It will probably have to be strictly for appreciation as properties don't cash flow in India.