Can I refinance out of an fha before a year?

[RJ McCoy]

Hello BP, I am looking to buy a property using an FHA loan since I do not have much money to put down. IM looking to buy and rent out an undervalued property and force appreciate through sweat equity. My question is, if I were to buy a property for 70k with an fha loan ( 2.45k down) spend about 10k in repairs, increase its value to 100,000 would I be able to refinance out of the fha loan to a conventional loan without having to live in it for a year? Thanks, RJ