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Updated over 3 years ago,
Renting out rooms, owner occupied side, FHA
Hey everyone,
I purchased a duplex using an FHA loan and as with FHA loans I am required to occupy one of the units for a year. I am wondering if, while living there, I can rent out the spare bedrooms from the unit I am occupying? I want to maximize my cash flow for that first year and if I have the space available to me then why not. It could potentially allow me to rent out an additional 3 bedrooms if its allowed so any help would be appreciated. Just trying not to break the law while still realizing a nice profit.
Thanks!