@marcusauerbach had the absolutely right idea here.   

The whole idea of the VA loan is to enable military members and veterans to purchase a "modest", safe home for themselves and their families.  

I have about 60k that I want to use to acquire another rental but not sure if N.VA is the place to do it as I don't think I can find any decent townhome for $240k which generates cash flow.My idea is to keep acquiring a few properties  in the next few years which can generate passive income flow. 

It would also allow for air flow up there too.I'm looking for anyone who has experience and thinks it's a good idea, or anyone who can think of a reason not to do it.

I'm starting to poke around with the idea of starting out in the multifamily space with apartment investing.  

Hoping someone out there has some ideas. 

Once I figure that out I might have an idea of what would be the best route to take as far as fixing and flipping or rentals etc.. but I def will keep you posted

While I'm okay with the idea of having a mortgage again, I'm struggling to choose between and 15- or 30-year term. 

thanks @Deanna McCormick I have a good idea about the rent rates, I was mostly concerned with any legal issues with raising rent to market.

Since they sold something there they have a decent idea on price, neighborhood, how easy/hard it was to sell etc.