Analyzing Homes for VA Loans

[Ryan Daniel]

I have VA home loan that I want to utilize here in LA, and I want to get some different inputs on how I would analyze a VA home loan deal that will serve as a rental down the road. I am approved for 650 from my lender and my initial thought is to buy in a good area/neighborhood that will appreciate over the years. My plan is to house hack and rent out the rooms. I have considered multifamily, but all the multi families here in LA for 650 are usually in really bad areas or neighborhoods. I also have really considered ADU's, but ADU strategy requires a lot of money unless I can find a home that can easily be converted with the original square footage. So my main thoughts are to invest in an amazing neighborhood with a house that I can add square footage, add beds/baths, update, etc. I know how to analyze BRRRR properties, fix/flip, etc. But I was just wondering how anyone else would analyze a home with a zero down owner occupied home loan in an expensive market.