Can I use an FHA 203k loan for my first investment property???
I am currently interested in purchasing a flip in Houston, Tx, but currently live in Shreveport, La. I understand that FHA loan requirements state that you must be an owner occupant and that the house must be your primary residence. Since I don't own any properties right now, could I consider this my primary residence even though I am living in Shreveport, Louisiana?
I have an experienced rehabber in Houston who will be handling most of the work.