Multiple purchases with BRRRR
I'm looking to make a first time REI and read a BP article about using an FHA loan on a duplex. It states "Unless you own 30% of the property at the time you rent it out, you will not be able to get another loan until you have two years of landlord experience with that home on your taxes".
Is this true and is there a way to bypass this requirement if you want to make a subsequent purchase before you have 30% equity in the property?