Using fiancé FHA the next year

[Steven Bays]

I was interested in what you all thought about this idea. I currently have an FHA loan on my duplex which I purchased in June. I will be making my next purchase in March for another MF but got me thinking that my fiancé could use her FHA loan to purchase a 4 family by next June or later. This we can get an extra place for only 5% down. As long as we cash flow appropriately would this action work out or are there major objections? Would like to hear from he BP community!