Advice for compounding house hacking

[Daniel Kaplan]

Hey everyone,

I am graduating from college in 2 years. Immediately after graduation, my goal is to perform a house hack on a 3-4 unit. After a year of living in it, I want to rinse and repeat as many times as possible. However, as I was thinking about the strategy, a big issue came across. Let's say I am able to get a 96% LTV on the first quadplex and after a year that LTV goes to 93% from the equity gained. Do I need to refinance into a conventional loan in order to qualify for another FHA loan?