Owner occupied questions

[Randy Marshall]

If I purchased a 3 flat and I'm living in one of the units of a 3 flat, what's stopping me from moving out in 6 months, renting that unit, and then applying for a mortgage with another lender?

I understand the new lender would want to see rental income on that unit I used to live in, so say I rent it out for a year, go rent somewhere myself for a year, then apply for the mortgage, does that work?