The first photo is HUGE!! I have 15 years of real estate marketing experience and 9 years of multi-family marketing experience. From a marketing point of view, the first photo is the attention-getter, the second will be the kitchen (kitchens sell)!
The first class I took on real estate ad writing, we were taught you have 3 seconds to get their attention. Then, the reader looks at the ad in a "Z" fashion across the page, start on the top left.
In advertisements, I look at what my competition is doing first. Then I do something different. There are many blogs/articles about companies putting a photo of their swimming pool first in the ad. This is a big "No!".
I am also looking at houses for sale. I laugh when I see the MLS listings. You can tell who knows what they are doing. The ad with 4 photos vs 16 photos tells me everything I want to know about the listing agent. I WOULDN'T LET THEM LIST MY HOUSE!!!
As a consumer looking at real estate ads in MLS, I want to see the outside of the house, first. My reason is, I am looking for a ranch and it is impossible for me to buy a two story. It annoys me when I see the first photo as the living room, love it and find out it is a two story. But the ad writer is taught to put the best photo first as the attention-getter.
Currently, my first photo in the ad for my apartment community is a picture of my kitten with white lettering on the photo that says "Small pets Welcome." I get a lot of response about the photo. Most of the ads in my market on Craigslist have no photo at all. Maybe that's why I'm 100% occupied and they are still advertising move-in specials!!!