Two years ago I started a maid company in Hampton Road Virginia. 

There are a lot more details that go into two VA loans and the downside but transitioning into a conventional loan on the  investment refinance will save you a lot of frustartion down the road.  

Still thinking of a STR down the road....Congratulations!

So you don't need any flying ambers, at 1500F anything combustible will just spontaneously burst into flames.I was thinking about the people I have seen on social who tried to wet down their house with a garden hose.

This property we are on, we are about 4 miles back off the main road.  

Quote from @Michael Ewers: Quote from @Gash Nookala: Hello I bought a property in Owens Cross Roads in September 2024.

One said the 2nd mortgage has to be assumable and the other said it did not.VA issued Circular #26­24­17 back in August to try and clear up the issue:Assumability: If the secondary borrowing is not assumable, the holder of the VA guaranteed loan should counsel the assumer that this may restrict their ability to sell the property to another creditworthy assumer through an assumption in the future.The lender currently servicing the loan still can decide whether or not they'll allow the 2nd.You could do seller financing for the gap and then refinance just that amount with a Home Equity Loan or Line of Credit at some point down the road. 

I sent you a messageI'm in your market ,Suffolk Virginia / Hampton Roads,  we can discuss your options.

For less than a $250k investment he'll cash flow about $24k/year down the road.

These are all important considerations, and understanding the requirements can save a lot of headaches down the road.