VA for investment property even with restrictions?

[Caleb Shadle]

Greetings folks!

I’m about to PCS to San Antonio for a year and was considering buying an investment property to live in while I’m there, then rent out after I leave.

My question is this: since we're restricted in getting fixer uppers with the VA loan (I know there are renovation loans), what are you looking for with the property? The Brrr principle seems to be hindered (at least that's what I witnessed buying my first house where chipping paint was even an issue).

any thoughts are appreciated