FHA Loan Guidelines / Rules

[Brendan O'Donoghue]

Hey guys! So I've been doing a lot of research on FHA loans as I'm looking to house hack. From what I understand, the rules for being able to use the FHA loan is:

must be owner occupied, 

must live in the house for at least 1 year, 

Mortgage Insurance Premium required,

Must have 1 year landlord experience in order to apply for another FHA Loan?

Is my understanding correct for these requirements? (Specifically the last point)