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Updated over 4 years ago,
Inquiry on FHA Loans
Say I use an FHA loan to buy a multi-family home (4 units), and I live in one of the units for a whole year, as required by the FHA.
Am I allowed to rent out the other units while I'm living there, or do I have to first satisfy the living requirement before i can have others live on the property?
Also, say after I fulfill the FHA living requirement, I want to buy another multi-family property. Am I able to buy another property with an FHA loan, or is an FHA loan a one time thing?