VA loan to 203K loan
I currently own a 2 family. I live one unit and rent the other unit. I have lived here for over a year now but want to expand my living space. I was wondering if I would still be eligible to buy another house using the 203k renovation loan and move into it. I would then rent out the unit that I am currently living in.
Has anyone done anything like this? I know with the VA loan the house is suppose to be my main residence but I was told I only have to live in it for a year. Is this for sure a true statement? Has anyone gotten into trouble by moving out early to purchase another house?