Owner Occupied? Or HELOC?

[Trevor Bingham]

BP, 

I'm very green to the realty investing world and looking at getting my first rental unit. 2 years ago we bought our townhouse, our current home. I would like to get a rental unit but I'm unsure which financing option to use. We bought our current home with a VA loan. My lender says there is a potential to get the rental with remaining VA credit if possible. She also recommended the Owner Occupied option, but my wife isn't big on the idea of moving again. Theres also the HELOC option, but I'm not very familiar with how that option works. It seems a little more risky than anything else. So my question is this, if we were to do the Owner Occupied option, is there a way to do it without actually having to move into the property, ie. having bills sent to the address or something of that nature?