Acquiring Multiple Investment Properties with FHA

[Jason Powell]

Is it possible to acquire more than one plex using the FHA loan (I know that in most cases you may only have one at a time)? I called 7 local lenders today and presented my situation below, only to get bewildered responses and varying answers. 

I purchased my first and only property (a 4-plex) on 3/31/14. Since then, I have been occupying one of the 4 units, and renting out the others.

On 2/15/16 I refinanced the same property into an owner occupied conventional loan, after showing 20% equity. 

I now want to buy another plex using the FHA loan asap. This has been my game plan for several years now, but I'm now wondering if this is even possible. Will underwriters allow me to purchase a second plex, or will they deny me because they feel like I'm trying to use FHA as a means to acquire investments? If there is an issue with this, is there any criteria I can meet for me to show a "reasonable and logical improvement" on my current situation?

Thanks!