House Hack...cut short
I bought a duplex using an FHA loan which I am now living in one unit while renting the other out. Not even 3 months into living in my first home, my work decides to relocate me. Since the relocation is over 100 miles from where I work now, this is okay by FHA standards to sell the home before one year. Problem is I don't want to sell the home. My original plan was to live in the home for 1 or 2 years and refinance to a conventional loan so I could use FHA on the next home and keep the duplex as a rental. What options do I have without having to sell? Can I keep the duplex and just rent a place near my new work location until I have enough down payment for another home? Or can I refinance the home now? I was at 13% equity at purchase and did make some minor home improvements but not sure if it's wise to refinance now?
Any advice is appreciated!