Refi Primary Residence w/ Intent to turn into Rental

[Jennifer Griffin]

Hi everyone, I just wanted to get feedback on other experiences or considerations regarding the following. It would be most helpful to have some clarity and guidance around this topic. 

My husband and I have recently purchased a home using a VA loan (less than 6 months ago). By the time we may be required to relocate, we will have owned our primary residence for 3 years. We have an interest in keeping the property long term as part of a future portfolio we aspire to build and don't want to keep the VA entitlement tied up in this property. I am curious to understand any limitations and considerations to help evaluate options and strategic planning. Creative financing recommendations are more than welcome.

In short, we have thought of doing a refi shortly before we have to relocate and turn it into a rental. I feel easier said than done and want to have an honest expectation of what we need to do to achieve our goals. Has anyone else done this? What was your experience like? What are some things that are important to know ahead of time? Getting as much information ahead of time can also help us plan to account for any costs or cash reserve requirements we may require over the next few years.

Thanks in advance!