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Updated over 9 years ago,
NewFHA rules
I have a primary residence under a conventional loan. I was consider buying a duplex in town with FHA financing in Tucson AZ while renting out my primary residence to collect money to buy turnkey properties out of state.. I have a conventional loan on my primary home. I saw that new rules stipulate you must be 100 miles from your original home to collect rental income when moving into an FHA property. Would this prevent me from renting out my primary residence and collecting rental income? I've tried looking for information on this subject, but was unable to find info. Thoughts?