That means you may struggle to resell, refinance, or do anything with the property except for rent it out to tenants. 

@Brian Pulaski this is a flip and I'm carpeting the whole house except the kitchen and bathroom.

@John Leavelle I agree with what you're saying in theory (except for the bad advice part - but you're more than entitled).  

Because "debt free except for housing" is so rare among Americans, it's rare that it comes up.

"We'll insure the title against everything except that unsatisfied mortgage recorded in 1970").

There is no proration on the 24 months, except for a few exceptions.....had to move for employment, health, etc.  

Unfortunately they are few and far between from what I have heard.As a new investor you likely have no idea how the screen, if you want to stay in business you had better learn because no one cares about your property except you.

Most actually have zero economics education with the exception of what "that other investor" told them. 

The VA requires you to move into the unit within 60 days of closing or 12 or more months by exception.  

Especially maintenance and turnovers can really hurt you in these areas these days.NOTE: The one glowing exception to this is 38128.