I am a first time investor, about to rent out my current home (3BR/2bath) as I move into a new one (so a tad nervous!).

Hello Experts - I am ready to purchase my first single-family home this year.

After a quick Home Depot search and a pre-Fourth of July sale I saw a similar model that was selling for $1100.

I'm not quite there on my current home, but looking for another property to purchase, hopefully within the year.

Can a person own two homes with two VA loans and refinance one of the homes  into a conventional loan freeing up some of the entitlement which would enable you to buy a 3rd home under the VA loan?

I currently have a SFH which is under VA home loan which I got for $281,500 in California.

If it was a $500k home that needed $150k repairs and would be worth $800k-900k ok makes sense, if its a $30k home needing $100k in repairs to be worth $150k then absolutely not.One thing to point out, who did the framing in that basement? 

I am just starting out with my first single family home.  

If he is moving to another home and WILL LIVE THERE.  

Now however, it's a completely different.My 2018 BP ArticleThe current VA website...VA LinkEffective January 1, 2020, there are no county loan limits for Veterans with full VA home loan entitlement.