First rental property

[David Lopez]

I am currently looking to buy my first out of state rental property by May 2022 to build cashflow. I currently live in Orange County, CA.  I will have 80k to use therefore i am wondering if I can first live in the house with an fha loan, fix it up (painting, some remodeling), move back out and invest in a second after i am allowed to rent it(fha waiting period)? My goal is to hold long term rentals. Any advice? I do understand there is a lot of information in this question(s) alone so any guidance helps, thanks!