Worst case scenario, if I bought a foreplex and househacked it using an FHA loan, but my job circumstances required me to move out of state before the end of the first year, what are the implications?
Could I remain in good standing if I didn’t rent the unit I was occupying?
As long as your intent at the time was to owner occupy for a year, and in the "worst case" scenario a judge and/or jury would be 51% convinced of that, you're good. The odds of it going to any sort of trial or litigation, provided you continue to pay on time, are minuscule. The odds of the loan servicer asking for a job transfer letter (or similar supporting documentation) are non-minuscule.
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