USDA Loan Rental and FHA Primary Residence House Hack

[Hunter Keith]

Hello Everyone,

I’ve listened to every episode of the Real Estate Rookie Podcast and about 100 episodes of the Bigger Pockets Podcast. I feel like I have the basic knowledge to finally get started and escape my analysis paralysis. To start my real estate investing journey, I’ve been searching for an answer to my question, but have yet to find a clear answer. Here is my situation:

My wife and I bought our first home with a $0 money down USDA Loan. This July will be our 1-year anniversary of living in our home. Is it possible after July to buy a duplex or triplex, as our new "primary residence", to then house hack with an FHA loan and only have to put down 3.5%? We would then rent out our house with the USDA Loan. Is this legal and/or possible?

Your feedback is greatly appreciated! 

Thank you,