204k loan owner occupied?

[Sam Bromano]

When obtaining a 203k rehab lawn how does the bank know you’re actually going to occupy it? Do they come and check?

I’m looking at a rental property purchase that is a short sale and requires cash only or a rehab loan. I only have about half of the available cash so am trying to explore options. My goal is to fix it up and cash out refi in 6mo and rent it...