House Hacking Requirements

[Russell Woodbridge]

I live and work overseas and do not own a primary residence in the US. I have 3 SFRs in NC rented out with prop manager. I am looking to house hack legally and buy a place near my parents and use it on and off for one year and then turn it into a rental. Can someone point me to the legal requirements to get a conventional loan? My understanding is that the property must be in my name and declared as my residence (driver's license, bills,etc?) and I cannot rent it out until one year has passed. Rental loans require 25% down while conventional down payment is much less. Any tips or advice? Thanks.