FHA/ House Hack Refinance

[TJ Dowhan]

Would appreciate any insight from people who understand or have been in similar situations. I purchased a duplex in the Cleveland, Ohio area almost 1 year ago through an FHA Loan and have been house hacking since. After I come to one full year in this home, I would like to refinance, move out, rent out the space I am currently in, then purchase another duplex and continue the same process.

Am I correct in assuming, I need to wait one year to refinance out of the FHA Loan?

Will I be able to count income from my current property after refinancing and finding another renter to occupy my space?

The area I am in right now has appreciated relatively significantly just over the past year. I would like to stay in the same area that I am currently in because I enjoy living here.

Any hidden fees or pitfalls that I should be aware of as I go through this process?

Appreciate any insight on this topic. Thank you!