When you own an FHA home, you could eventually rent it out but not without meeting some rules set forth by the FHA first. In order to rent out an FHA home, you first have to move into the property within 60 days of closing on the home. Then you have to live in the property for one year before you can start renting it out. The one-year time limit begins when you move into the property. Once you have met these requirements, you are free to rent out the property as if it were any other home.
For more info, read Can You Rent an FHA Home?