Starting with a FHA 203 loan
Has anyone had experience, or even success, using a FHA 203 loan to flip a home? It seems the rules are pretty vague on using that loan to start off.
Can I make it my primary residence while I rehab the place, then sell it? I don't see anything that tells me the amount of time it has to be my primary residence. I could potentially have a bed in the residence and sleep there, couldn't I?
I'm ready to make the move to real estate investing, I just need to pull the trigger. This could potentially be my "trigger" and would love to hear some feedback. Thanks in advance!