Question about VA Renovation Loan

[Kaleb Dutil]

I have spoke with my mortgage guy and he has said I can purchase a house with a VA renovation loan and rehab it and the Va will give you a loan for the ARV. Of course it needs to appraise right or I will be left covering the difference.

My hope would be that I would purchase and live in for a year while rehabbing then rent it out and move. Doing something similar all over again. 

Has anyone had any experience with this?