1 year primary residence rule same for FHA and conventional?

[Steven S.]

Hey Everyone,

I am getting very close to the point where I can refi out of my FHA loan on my primary residence into a conventional mortgage to get rid of my PMI.

Once I do that I would like to make my primary a rental and look for a multifamily I can house hack.

My question is, do typical conventional loans have the same rules as FHA when it comes to renting the property? Would I have to live in my primary another year after refinancing before I could make it a rental?

Also, has anyone moved multiple times to take advantage of the lower down payment requirements? I do not want to overleverage myself, but I wouldn't care if I bounced around for a few years house hacking different multi-families if it means growing my portfolio that much faster.