Buying and Holding in Lake Havasu City, AZ?

[Parker C. Snow]

I am very new (22yo) and am unfortunate enough to live and work in Los Angeles. My parents are retired in Lake Havasu AZ and I am thinking about buying my first rental property out there and making the drives.

I have read 3 real estate books in the last three days and listened to several podcasts and still will admit that I know next to nothing. Any advice or strategies are appreciated.

Is it possible to use an FHA loan to "live there" during the summer as a vacation home and rent it out to the snow birds during the winter months?