What happens if I have an FHA loan but need to move early?

[Kathleen Sedita]

I am looking at duplexes & triplexes to purchase where I would live in one and rent the other(s). I am a first time homebuyer and wanting to do an FHA loan. However, what if "life happens" and I end up needing/wanting to move out of the property before the 12-month residency requirement is up? What are the ramifications? I know there are exceptions for things like divorce, military orders, having kids/family expansion, etc. But I'm trying to figure out what the worst case scenario would be and work back from there.

I appreciate any insight!