Using FHA financing for a flip

[David Burgraff]

I'm wondering what the community thinks about trying to flip a home with FHA financing but never moving into it. Am I legally allowed to purchase a home with Owner-occ financing, never move in, fix-up and sell? Then repeat?

If so, is it realistic to think that I can finance a property in very poor condition with an FHA loan at 3.5%?

Thanks for any advice