Question about Fha loan

[Whitney Moses]

I recently just bought a 2 unit building in Chicago with an owner-occupied fha loan. Both units are tenant occupied and seeing as though i have to live in one of the properties, ill have to get rid of one of the tenants. My Realtor told me that the basement can be turned into a studio. My question is, does fha allow owners to occupy the basement while renting out the other unit of the building? 

[Adam Gollatz]

You should have 60 days to occupy the property. So if you can get the basement converted to a studio in that time frame, everything should be legal. biggest hurdle I imagine would be getting proper zoning to add the unit.