It should apply, as a veteran myself, I have a soft spot for other vets using their VA loan to get started in real estate (it is how I got started, and it is easily the greatest loan product available). 

If none, NY and NJ are not the best spot to "try" one as your buy-in is very high, cost is high, lag time is long, and competition is fierce.

And if for reason you don't have enough equity to refi and pay it off, or something negatively happens with rates, then you could be in a tight spot. 

Start by finding an investor-friendly real estate agent who understands the process and can spot deals.

You're in a tough spot, but here’s what you can do:IRS Payment Plan: Set up a payment plan with the IRS to spread out the $200K tax bill.

Being proactive can help you spot potential red flags and make a more informed decision about your purchase.

If targeting new construction, keep searching for an extended period of time until you find a builder that has a good deal, avoid builders that clearly will be difficult to work with, it was easy to spot.

I personally think you're in a great spot because you are asking questions and not just throwing your money around. 

Good agents are irreplaceable when it comes to spotting issues with the properties which might end up costing you way more than the commission fee. 

A few spots will do it, but the property needs to have a DSCR of at least 1.25 or better and 720-740+ fico at that LTV.