FHA 203K Loans for Rehab (Limited Repair Program)

[Daniel Schmidt]

Hello all, I wanted to get some input on a FHA 203K backed loan. I have never used this type of loan insurance before and was wondering if anyone has or if this would be a viable option. My plan is to purchase a home in need of repair, live in for 2 years then sell for profit. Or depending on cash flow, Refinance and rent out once repairs are completed. I am looking at different financial options to start my plan.

 If anyone is wondering... No, I am not married so I can move every 2 years with little hassle.