Starting out with little to no money, which method is recommended

[Keaton Hill]

Hello, My name is Keaton 

I am currently in Japan looking to move back to Oklahoma in September, Upon arrival I am looking to purchase my first single family or multi family house that will start my investing journey. I will have $10,000 in savings with being straight out of the military I will be unemployed therefore it is difficult to get a home loan, even from the VA. I will have to rent for a few months until able to get a job for the time being, (or are there banks that will approve a home loan without current employment?). If possible I would like to stay away from renting and preferably would like to purchase a single family house or multi family while I am currently still in Japan and while I am employed unfortunately the VA denied my request, is there any guidance on that or am I stuck on renting and waiting for employment once I return?

For the start of my investing I plan on buying homes then renting them until I earn enough money to conduct he BRRRR method.

when purchasing a property can you utilize a conventional home loan or do you have to purchase as an investment property? or once you live in the property and decide to move and rent that property out does the loan change from a conventional loan to an investment or does the loan and the rates stay the same? ( if I am way off track please let me know because this has been confusing me for months? 

Thank you for your time.

[Keaton Hill]

Quote from @Adam Greene:

Hey just a couple of thoughts September is still a couple of months away what about looking for a job that starts in September, while your still in the military. Especially if you find one in the same or similar field to what you are currently doing in your MOS, you might still qualify for traditional loans. I would also talk to a good lender here in Oklahoma, about different financing options, they may be able to get you an exemption from certain lender requirements, because you have been serving in the military.. it’s at least worth asking.  Feel free to message me and I’ll post some recommendations for lenders I know or just search here on BP for someone experienced.  Either way thanks for your service and welcome home to OK in advance. 

 Thank you I appreciate the information, I will continue to look for jobs that do start in that time frame, I will also attempt to contact lenders in the area to discuss further thank you