The other thing I was reading was that you can get the second home if you still had “entitlement” on your Certificate of Eligibility or you can change your 1st home to a conventional loan (that is likely pretty involved) 

And if you end up building and then refinancing into a conventional or DSCR mortgage, I can help there as well.

@Troy Smith - if you buy a new primary home its 5% down for a conventional loan or maybe FHA works as well with 3.5% down. 

…Here's the latest market report (based on single family homes): Mortgage Rates:30-year conventional rate today is 7.01%30-year VA rate today is 6.50% Median Sales Price:April: $476,000May: $475,995June: $485,000 New Listings:April: 1,957May: 2,141June: 1,875 Median Days on Market Until Sale:April: 12May: 12June: 13 Months Supply of Inventory:April: 2.2May: 2.4June: 2.3 What does "Months Supply of Inventory" mean?

Making a cash offer doesn't mean you can't finance the purchase with a conventional loan.

An LLC is required by NC state statute to adhere to naming conventions specified in NCGS 55D-20.

The catch is that the veteran can't then use their VA loan again until that house is sold or refinanced (so basically you have to go conventional in the future, at least for a while).

Choosing the best vacation rental loan option: Traditional/Conventional vs Non Conventional/NonQM.

I talked about the same scenario (refinancing conventional from VA to reuse benefit) over here.

Purchase a property using personal name can get a better rate and loan terms such as conventional loan.