FHA loans for rental property

[Morris Sandvig]

I see a lot of suggestions to buy first house with FHA loan. Aren't FHA loans just for primary residence occupancy? How long do you have to live there before renting it out? And does this preclude you from getting more than one FHA loan? Or one out of state?

Thanks

[Account Closed]

Borrowers usually buy a 2-4 unit, live in one unit and rent out the other units. This is called house-hacking. After a year, you can move out and rent the unit you lived in.