It doesn’t always work out like this.

I don't want to begrudge an agent their due; neither do I want to paint myself into a corner for the year if things don't work out.

I think your approach to purchasing a condo downtown using your VA loan could work out well; I did the same with a SFH in Clarksville and house hacked it for a period and walked away with a good ROI. 

After my refinance, the numbers roughly work out to a savings of $450 a month and my mortgage now is just over $1k a month.

You should expect to work out the kinks (people and resources) when you are investing out of your area. 

This may come as a shock to you but there are other children than your own, so multiply that 1hr by a generous small class size of 30, understand that the teacher still has to do all the lesson planning they did before and still has to manually grade some assignments, and likely has zoom teaching sessions for the entire class and maybe you'll understand why they still get paid. 

But their plans don't always work out. 

As long as you abide by their policy of one year occupancy and "upgrade" your living situation, you would be able to get a second property under it (assuming your numbers all work out).

@Puri Indah, You and your accountant will work out a reasonable allocation of starting basis in that property. 

A little back story of myself, I work out of town.