Owner Occupant vs Tennant Occupant

[Cody Ferguson]

Recently bought a condo and took out loan as owner occupant since that was the only way I could get the property since the complex was already over the 50% investor ratio. I'm coming to close to having the property for a year now and want to rent it out. What are the laws on this? I thought after a year you could rent out a owner occupant property just like an FHA loan. Any help would be greatly appreciated as I want to start cash flowing!

Thanks everyone!