Conventional vs. FHA - I have option to go Conventional 1st Home

[Maximillian Doctor]

I found out I have the option to go with a Conventional Loan over an FHA for my first house: Single-Family Rental (this would also be my first investment property)

I was thinking I would have to house hack for a year because of the FHA 1-year resident requirement. But, with a Conventional, would I need to still exercise a 1-year residence of the property? OR, could I just rent out the property right away, and avoid the necessity of a house hack?

I still may go the house hack route, but wanted to see what options I can take. It could allow myself to invest in additional properties via BRRRR method a little faster.