Yes, it is possible to obtain a second FHA loan, but only under specific circumstances, as FHA loans are designed primarily for owner-occupied properties.

You may consider terminating the lease depending on how much time remains, your skills, the legal system, and other factors.Based on what you've said, I am concerned there's someone else occupying the home or something else is going on.

Quote from @Braden Fisher: Hey my names Braden, I’m a new investor in the salt lake area looking to buy my first deal as an owner occupied house hack.

its very easy.. tehre are 35 states that do NOT require any license to do NON owner occupied loans.. very simple  talk to local attorney have them prep your note and mortgage and your good to go.. should not cost more that 1k or so for the docs..

The new Havana 1957 restaurant is almost ready to debut in the space formerly occupied by the Tropical Breeze Cafe.

However, the property cannot be owner occupied.

Quote from @Zach Edelman: Are you planning to occupy the property as a 2nd home or as a true vacation home?

If you intend to occupy this as a primary residence you could "assume" the loan meaning you would personally need to qualify with the existing lender to take on the loan in your own personal name. 3.

Btw, this all applies to owner occupied SFR sellers; commercial or investment property falls under general commercial transaction regs 

I feel confident we will have it occupied and possibly at a higher return than anticipated at closing.