The first point to consider when looking for a mortgage for an investment property is whether it will be your primary residence. If you plan on living in a house while renovating it or if you plan on buying a multi-family home and living in one unit while renting the rest of the space, you have more mortgage choices. If you will not be living in the property you buy, you will have additional qualifications to meet as non-primary residences are considered riskier investments for lenders. This is because the primary tenant (if there is one) is not the borrower.