Can you BRRRR your Primary after an FHA Loan?

[Kuriakos Mellos]

Hi everyone!

I am looking to buy a new primary home next year (currently my primary is a condo and going to convert that into a rental in 2021) and was wondering if you could use the tools of an FHA loan to buy it and a BRRR later on to convert it to an investment? Lower money down to purchase, throw some money into it to make it look nice, and then place renters in there after a year? That is doable correct?

Thanks!

K-Man