Newbie alert... I have a low income ($45K) and a 20% deposit saved for the price range I'm interested in. I am trying to turn the property into a share house, and occupy one of the rooms myself. The problem is that the bank will only approve my desired loan amount if it is an investment home loan, as a part of my income would be coming from rent. I will definitely be making a loss so the ATO shouldn't be too concerned about the details of the living arrangements? Would this work? Is it too dodgy?