Getting into second owner occupied home?

[Bronson Perez]

Good Afternoon everyone,

Quick breakdown of my situation. I have a home with a va loan that was purchased a year ago and that was recently streamline refinanced. Currently have roughly 10% equity in the home. Within the next two years we were hoping to buy a second home, either with my remaining entitlement or with an fha. Its my understanding that the two biggest factors with qualifying for a second owner occupied home are distance (needing to move atleast 50 miles away from current home) as well as debt to income. In order to get a green light both of these need to be met, and in order to help the DTI ratio, I can use predicted future rents at 75% wrapped into income, but only if I have a 25% equity or 6 months of cash reserves to cover both homes. Is everything I have gathered about the requirements true so far or am I misunderstanding them and/or missing any additional requirements? Thank you so much!