FHA 203k loan for rental property

[Kyle Merritt]

Hello BP peeps, I'm new to real estate investing and looking to purchase my first property. I'm thinking about using an FHA 203K loan to help with the rehabilitation costs and security of the loan(fixed interest rate, longevity, etc). I understand that with an FHA 203k I have to make the home my primary residence. My question is, how long would I have to make it my primary residence? Is refinancing an option when you enter this loan?

Also, does anyone have experience with FHA 203k loans?

Thanks a lot, kyle.