I witnessed my late father (ex-Navy) & mother transition from military to full time investing very successfully.

@Justin Tahilramani For those still reading this thread, if you use Navy Federal for your VAIRRL you can get a “FREEDOM LOCK” which will lock your current rate and and relock if rates go down as much as .25% before you close.

Navy Federal has 2.85% rates for 30 year conventional.

I've been denied twice once Navy Fed and once by a local bank here in Charleston SC.. what should I do..

There is no blanket right answer.I am an active duty Navy Senior Chief, i chose the investment route, buying properties in distress, stabilizing the units then managing the portfolio for passive income. 

@Lee Ripma Regarding my loan, I have asked Envision and Navy Federal about conventional loans for multi family homes at 5% down, but both consider would not consider a multi family home unless I had the 20% to put down or used FHA.

SFR Or townhome NO HOA.My Budget: Anything below 225,000Loans I will be using: -Navy Federal Credit Union: Home buyers Choice.Or-5% Conventional loan.  

@Conan FoxGood evening sirs, Great, I plan on enlisting into the Navy here.

@Manasseh Arnold pretty much all lenders can originate VA loans, and I would personally focus more on finding a lender who understands investing over going with one of the groups that markets hard to the military (USAA, Navy Federal, etc).

I have 20% down for a property but when I call the bank to get a loan, they either don't do investment mortgages right now (USAA), offer a 15-yr fixed loan (Navy Federal), or require 30% for a deposit (Chase).