FHA Loan on Second Property

[Kathryn S.]

Hi all, newbie here -- just starting to learn about the wonderful world of real estate investing!

I am thinking of purchasing an investment property in my college town in Kansas. It will be my very first real estate purchase, and before I get too far in the process, I want to make sure I understand how FHA loans work.

For the investment property in Kansas, I will probably use traditional financing (with 20% down). I know FHA loans are for first time home owners, and I wanted to make sure being the owner of an investment property in Kansas won't keep me from being able to qualify for an FHA loan if I decide to make Los Angeles my permanent home and subsequently want to purchase a place for myself here using an FHA loan. Does anyone have experience in getting an FHA loan after they bought their first investment property?

Thanks in advance for sharing your wisdom with me :)