Buy a home on FHA, live for 12 months and rent?

[Amy Lee]

Hey everyone.  Im new to BP!  I really want to take a dive into real estate. I was planning on wholesaling for the first year since I will be severly limited on time with my new job.

I i found out that my job requires me to relocate for a year in the Summer which got me thinking. What if I purchased a decent/liveable SFH or duplex on FHA, live there for 12 months, take a few months to rehab if needed and then rent it out. I would also repeat the same at the next location I move to, which is also likely a 12 month employment. My understanding is I would qualify for FHA again if I move significantly far from my primary residence?

i was hoping to ask the experts what your thoughts are. I would still hope to do some wholesaling but also buying a house that needs minor fixing then adding some value before renting. It won't be a full Brrrr but i might possibly get some appreciation over time and at the least my foot in the water. Thank you for your help!!