FHA down payment if I have 6 conventional loans?

[Toben B.]

Hello - I am getting conflicting information.

I have 6 conventional loans on my rental properties and primary residence. 

If I choose to turn my primary residence into a rental can I use FHA to purchase a new primary residence with only 3.5% down? Or do the number of loans I have force me to put 25% down?

[Upen Patel]

@Bryan O. Below is the except from the FHA handbook.

"Rental Income from other real estate holdings may be considered Effective Income if the documentation requirements listed below are met. If Rental Income is being derived from the Property being vacated by the Borrower, the Borrower must be relocating to an area more than 100 miles from the Borrower’s current Principal Residence. The Mortgagee must obtain a lease agreement of at least one year’s duration after the Mortgage is closed and evidence of the payment of the security deposit or first month’s rent."