Do you have to live in the home if you use a 203k loan?

[Austin Dines]

I'm looking into using a 203k loan for my first investment property, but i do not wish to live in the home. I've read that you "have to plan to live in" the house you use the loan on, but do you actually have to? 

[Michael Noto]

The home has to be your primary residence for at least a year from purchase. With that said, you do not need to move in until the rehab is complete and the unit is habitable obviously.