Newbie investing in Phoenix AZ

[Jacob Tracy]

Good evening all! My wife and I are first time investors looking to invest in a multi family home in Phoenix! We will be using a VA loan to do so in July and we have been surfing the market for the past 6 months or so just getting a feel for how things are moving and what we are willing to spend. Recently we have been floating the idea of purchasing a multi family home as a sole investment and using the VA loan on a foreclosure as our primary residence, as we would like to plant some semi-permanent roots in the area for my wife's occupation. So my question is.. Is this a feasible plan? Being that the VA loan is a zero down loan that we will be meeting all criteria for, will lenders likely still be willing to approve us for a conventional loan on the multi family property with us having a sufficient debt to income and substantial down payment? Or would it be a more wise decision to do the VA loan and owner occupy a multi for the 11 months residency the VA requires? I've researched far and wide and had my plan in place but as the time approaches we are Feeling as if we haven't explored all of our possible options starting out. Any help is greatly appreciated!