When we purchased our third home, we did not qualify for the rate as a second home and had to pay the rate as an investment.

I thought after a year of being in my primary with a VA loan I could qualify for another VA and buy another primary and keep the other mortgage as a rental.

Do you suggest that I qualify as a real estate professional by spending at least 750 hours a year in real estate and more than half my total working hours in real estate?

Looking to acquire a qualified buyer/investor list of active buyers in our market?

Basically because I'm foreign I don't qualify for residential mortgages and it would be much easier getting an asset-based debt.Or do you mean buying in cheaper tertiary markets?

A Veterans Administration mortgage where a Veteran and non-Veteran co-borrower qualify for a mortgage together is called a joint VA loan.But like I said to Denis some lenders do not offer this options due to guide lines or investor overlays. 

Hey Gerardell - This strategy is indeed effective and to one of the previous comments, staying there for two years will qualify you for the section 121 primary residence tax exemption at the time of sale. 

This is particularly restrictive when attempting to qualify for larger balance home equity lines of credit of $350-400-500K. 

@Colby Wartman This is not tax or legal advice but my opinion as a person who qualifies as a real estate tax professional. 1.

Renting the unit to someone qualified helps tremendously to get your head back in the right place.