I would make sure you have a solid plan and exit strategy if you are using a credit card to do this.

Using a simple mortgage calculator online, I can find my approx. monthly payment for a potential property.

If active, selling and using a 1031 to leverage into higher income-producing properties would be a great option. 

I'm particularly interested in whether now might be a good time to explore short-term rentals or if I should consider using a bridge loan against my properties for something like a BRRRR strategy, minus the rehab.

Only issue is 1) that will take two years to get started and 2) Using a loan calculator, it looks like I'll only be able to get a mortgage for $200k which will not buy a duplex anywhere near us (we'd probably have to move out of state).I've thought about some other possible options like buying a duplex in a different state with an FHA loan and living in it.

So, if you are using a Private Loan as your first lien...then you would need to ask that lender.  

You're on the right track with your analysis and strategy for leveraging the farm's equity to fund your BRRRR projects using a HELOC. 

but in general using a disregarded entity to purchase your replacement property is fine.

I have wanted for years to buy another home for us to live in, using a VA mortgage and sell the home we have now. 

This can involve public hearings and meeting specific requirements.Surveyor: Hire a surveyor to map the property and define the boundaries of each condo unit.Legal Counsel: Work with a real estate attorney to ensure all legal requirements are met and the condo conversion is properly documented.Financial and Operational Considerations:Condo Fees: Determine the monthly condo fees for maintenance, repairs, and other communal expenses.Insurance: Ensure proper insurance coverage for the condo association and individual units.Reserve Fund: Establish a reserve fund for future repairs and maintenance.Tax Considerations:Initial Purchase with 1031 Exchange: 1031 Exchange Basics: By using a 1031 exchange, you defer capital gains taxes on the sale of your previous property by reinvesting the proceeds into a new like-kind property.Down Payment and Financing: You're putting down $220,000 and financing the remainder at 8% over 20 years, resulting in a monthly payment of $2,593.Converting to Condos and Selling Units:Capital Gains Deferral: The 1031 exchange allows you to defer capital gains on the initial exchange.