Bought my First Duplex! Now what?!

[Cody Bradley]

Hey Everyone, My name is Cody. I just bought my first duplex in Ohio. I used FHA with 3.5% down and I will occupy one side. I'm currently painting and doing some finishing touches before I move in. The other side is not rented yet, but I expect to get around $700 for one side and $750 for my side when I move out.

I know with FHA you are supposed to stay at the property for one year. I have my eye on a 3 unit property that I would like to purchase with the same method if its still available when the time comes. What would be the best route to finance this? Would I refinance out of my FHA then get another FHA loan? or go conventional first then refinance? Is there a time gap required between these? I don't want to get ahead of myself but I want to be prepared for my next step.