FHA Owner Occupied Requirements

[Alexander N.]

Looking for some insight here..

I'm currently looking for a 2plex-4plex in a few different markets and am circling back to the idea of FHA owner occupied.

I just want to understand the specifics here. My understanding is that you just have to have the INTENTION of living within the residency for 6 months. For example, I buy a 3plex with FHA, and rehab takes 6 months. Can I immediately rent it out after that? Although I never lived in it, can I claim intent during that rehab process?

Not sure how fine the lines are, and am not trying to get myself in trouble, just trying to get a bit creative - any insight is appreciated. 

Thanks!