Refinance FHA loan to conventional

[Molly Tierney]

I am looking at using a FHA loan to get into my first property as a primary residence with the goal of after living in it a year turning it into a rental. I am doing some repairs and anticipate being able to refinance to eliminate MIP or PMI on the refinanced loan which is why I am considering going through with the refinance. My question is if I refinance do I have to live there another year before turning it into a rental or does that clock not start over due to the refinance.