FHA Loan 4 plex. Rent out all 4 units but live on property in RV

[Robert Johnson]

Hey guys, I'm new to the real estate game and a single person with a day job as a park ranger. I bought myself a SFH last year and really enjoy the lifestyle of my own space, but want now I want to make a jump to small multis. I'm really interested in the FHA 3.5% down loan on 4 plexs and stay a year and move again.

One of the big issues with my career is that I move around a lot (normally not in an area more than 2-4 years). Because of this I have learned to despise moving and resettling in a new place since I have to do it so often and I don’t like the idea of doing it every single year moving around town.

Also seems like it would cut into the profit. So I had a thought today about possibly buying a smallish travel trailer/RV and making my home in that (very common for people in the career). I was wondering if it is legal to still use the FHA loan on a property if I don't live specifically in the dwelling?

I’m thinking I’d look at a property with a larger lot and build a pad and little private area for myself and rent out the full dwelling.

Any thoughts on how this could possibly work?

[Andrew Goodwin]

@Kirk R. A 2-4 unit property can be financed the same as a SFH as long as you live in one of the units. At closing you will sign a document stating that you will occupy the property within 60 days and live in it for 1 year. If you were to violate that clause the lender can technically call the note due.