FHA Owner/ Rental

[Ryan Conklin]

I am looking at getting a 5 bedroom home with a FHA 203k streamline loan. First off, I read somewhere that the FHA loans only support 4 unit homes. Do they count bedrooms as "units"?

My second question is whether or not I can rent out the other 4 bedrooms.  I will be occupying the master but would receive a bunch of income from the other 4 rooms.  I do not want to go through hassle of buying/ rehabbing if I won't get approved for a 5 bedroom or can only rent out 1 more room.

Thanks!