Unfortunately no. FHA guidelines require homes with an FHA insured mortgage to be owner occupied. Any FHA lender must certify that you will occupy the dwelling within 60 days of closing and thereafter continuaously occpy for at least 1 year.
FHA is sudden death on occupancy fraud. You would be better off going with a conventional loan - perhaps priced as a second home if you will not rent it out until you are able to move in.
By the way, that is a smart question to ask BEFORE applying for an FHA insured mortgage
NOTE: There are no Mortgage Insurance companies lending on Investment properties in CA declining markets. You will need to put 20% down or find a portfolio lender who will allow you to put down less. Portfolio will cost you MUCH more (there are few left lending, most were wiped out by the credit crisis)
Best of Luck,
Give me a call if you would like further information. I am a resident of the AV for almost 20 years and it really takes an Agent that is here in the trenches daily to help navigate this market.
Feel free to contact me and good luck to you.