It may make more sense to go conventional, but you'll just have to see. 

Conventional investment property loans cap seller credits at 2%.

I was thinking about a conventional loan on the property.

Hello Everyone, I'm interested in a building with 6 units in Indiana, but I dont have enough money for a 20% down on a conventional.

The investors that I work with like that we have an inventory of new construction investment properties in great markets throughout the state.Connect with me for more information on some of the areas that other investors feel are the best.  

Also, I have heard that after you have built enough equity, you can refi out of the VA loan into conventional financing and then use your VA benefit again.

Being that my year living here is coming up, I was hoping to refinance into conventional and buy again with the 5% Fannie Mae. 

Or I guess the 2nd loan would be conventional?

I currently have a conventional mortgage on my primary residence. 

With a primary residence you will likely get the best rate too.I will add that 5% conventional doesn't work as well as 3.5% FHA.