I am in the Philadelphia / PA / DE / NJ area but for the purposes of sharing experiences, anywhere is great. 

Our business-purpose rental loans currently start at 6.25%+, which is lower than conventional or fha - fyi.

.: I was always under the impression that a VA loan could not be assumed for investment purposes and that it must be for a primary residence, which typically means occupancy of the residence for a year. 

Also, most deals tend to require a lot of capital ($50K+).Most states exempt business purpose loans from licensing requirements but there are still certain rules/regulations you have to be mindful of.

I think there's potentially a different feeling when you convert a personal residence to such an investment property versus purposefully buying an investment property. 

There are a bunch of good choices IMHO.We don't have leather but all our surfaces are super durable because they are higher end sofas and chairs.The 3 main couches are a pair of Basset and a La-Z-Boy.

Ideally, I would love to buy a multi-family property and rent it out, I would consider house hacking but I mainly want to my first property to be one that I can improve on and have it generate income for me.

You get a great house to live in $150k-300k less than what you would otherwise pay for OR sell the main house as well for maximum profit.Photos are of a recent project from 2017.

Mainly because you remind me of the unsavory individuals I have had the displeasure of meeting.  

And the IRS will ignore it for tax purposes.