Questions about a 203K loan

[Daniel Lesage]

Hello,

I am new to the game and will be buying my first property in the very near future.  I am interested in a 203K loan. I am wondering if it's possible to get one, live in it as a primary residence for a year (or for however long the residency requirement is), and then get another one, turning the original into an investment property and making the second the primary residence? Is this possible?  Thanks!