Newbies- not much cash flow, but have VA loan which has ~ $425K on the COE

[Sarah Schopbach]

My husband and I are wanting to rent out our current house and purchase another house and hopefully do a 203(k) loan on it since a lot of the houses in our area are fixer-uppers. From the reading I have been doing, it would make more sense to do a 203(k) loan and then we could use the VA COE for another property down the line.

The long-term goal is to have several LTR and some STR/MTR. I would love to get some land and build our own house (with an Airbnb) but without much cash reserves, this does NOT seem like the best option for now.

If you were just starting out with not much cash reserves (due to remodeling our current house) how would you navigate the next best steps?

Thank you!