Dilemma. Please help.

[Michael Acheampong]

I’m in the process of purchasing a fully occupied duplex.

2 beds 2 bath on both units.

FHA loan with 3.5% down with intent of moving in after one of the tenants lease ends.

If I change my mind and want to keep it as a rental when the lease ends, can I get in trouble for that since u need a lot more down payment for rental properties.

[Tim Herman]

@Michael Acheampong The 3.5% down is for owner occupied. You will be committing federal mortgage fraud. Alas all is not lost, you will have accommodation for up to 30 years and it will only cost $1,000,000 for the privilege of staying in nearest federal pokey. The only bummer you will not get to sell your cell.