I’m looking to become an investor in the KC area and I was curious if I should pull the trigger on a multi family or single family home with the VA loan?

Also see if you can pull up rental  and sold comps in the area using Zillow and Redfin and you have to give a   margin of error in their estimates and see if property appreciation is there for that area in case you are thinking of building equity.

Currently a mortgage would be around 3500/month so if I rented every room around 800 each I’d be pulling in 500/month before reserves and that’s with all rooms rented out. 

These major gateway cities will always have a gravitational pull to them.  

You can pull out equity every 4-6 years and keep repeating with cash outs.

Where I live it used to be 30 days - and I didn't think that was enough time for folks living month to month to pull funds together to save up, look for a place, get a deposit and 1st mo's together etc... so I always gave at least 60. 

We have equity lines on properties in the US so we could pull out some equity, but would prefer to finance as much as possible. 

In many/most places you can pull permits and do work on your primary residence yourself, but you need to be a contractor licensed/insured to do that in the rental units.

I have not read all the responses yet, but just on the face of this I would not fully pull out of a business that is stable, which provides stable income to go into full time flipping.

Also, if you have significant equity in your current home, consider getting a HELOC or 2nd mortgage to pull cash out of the home for the new downpayment.