FHA: early move out?

[Michael Kagan]

Hi everyone, I'm wondering about some FHA details for anyone well versed in this.

1) I have heard on the podcast and elsewhere that it is possible to get more than one FHA loan if you refinance the first one, but I don't quite understand the nuances of that. After refinancing, can you simply get approved for a second one? Or do you have to do a continuation FHA loan on a second property?

2) I'm also curious about any legal loopholes with FHA. Would I be able to buy a property on FHA, and move out right after I refinance inside of a year? Or is there no way of getting around the minimum 1 year occupation period?

Thank you for your replies!