Do I have to live in the home if I buy it FHA?

[Garrett Jennings]

As I am looking to acquire my first rental, I was wondering how the requirements for occupying a residence work if I go the FHA route. Would I be forced to live in the home for a year, or can I decide to move out of the home and rent it out before the one year is over?

I have heard that as long as I intend on living in the home I would be okay, and I have also heard that the loan can become due if I were to ignore the rules of residing in it for a year.