FHA House hacking risks?
Im trying to figure/find out how strict the rules are when it comes to getting an FHA loan (I want the minimum down payment) and renting it right away. Ive read that you must occupy the home at least 1 year before you can rent it out as an investment.
Have you guys tried renting the home out immediately after closing escrow? Have any of you gotten in trouble for doing this?
I want to purchase another investment home but dont really want to house hack...