Will I regret not using an FHA?

[Tyler Cornfield]

After years of educating myself on real estate, I'm eager to finally jump in and do a small deal out of state.

But, I live in Los Angeles, and it feels like an FHA loan would be my only way to own here. The amount of rent $ I'm "throwing away" in LA makes me want to put that money into something I'd own and live in. I'm not quite in a position to pay the mortgage, though could be within a year I believe.

But if I buy an investment property using a loan, I won’t be able to later use an FHA loan when I'm ready to buy in LA, right?

So...am I shooting myself in the foot if I buy an investment property now (out of state) to begin my real estate career, and lose out on the ability to use an FHA in LA down the road?