Using FHA for non-owner occupied

[Michael Veloso]

Good Afternoon fellow BPers, I am considering using FHA to purchase a Duplex in my area but I have no intentions of living there as I already own a home free and clear. I have the reserves to put down 20% but ideally I would like to hold on to my cash to spruce up the place to increase the rents and purchase another property early next year. The duplex is partially rented so I could say that I will live in the other unit once I purchase the home. My question is how long do I need to leave the place vacant before I am able to rent it out to someone. I am trying to avoid gaming the system by simply changing my address, but I was told by a local investor that he does it all the time. Looking to do this right from the beginning. Thanks