203k full rehab?

[Brett Braden]

I'm in the process of buying a house and i have been hearing about the 203k. I understand that some people say, in order to get a 203k then it should be owner occupied. I plan on buying the house on a FHA,long term rehab it, and then use a fix& flip, or buy and hold as a exit option depending on the appreciation and purchase price. My question is, Is there a minimum amount of time you need to live in the house? And Does the entire rehab need to be done by a contractor or can i do my own rehab once the 203k runs out?