Can I get an FHA Loan if I already own an investment property?

[Adam F.]

Hi BP, 

I am currently renting in a HCOL city (moved for work), but I am considering purchasing my first investment property in the city I grew up in. I'm wondering if it's possible to get an FHA loan for a house hack, say a year from now, despite purchasing that investment property earlier in the year. Thanks in advance for any insight!