FHA Loan and flipping first house
So please correct me if I'm wrong. But, I have to reside in the house for a year if it is a FHA loan? What if I was to find a house and use the FHA plus 203k loan, then once I'm ready to sell convert to a conventional loan within 6 months of living there. Or would I only be allowed to convert to a conventional loan after living there for a year?