The 100% answer in this concept depends on your plan docs. 

What concept is the operator wanting to open?

An example would be a borrower who states they own no assets other than their home, autos and household items, but whose tax return shows rental income.

If you understand the concept and have any kind of hustle in you, you can make this work.

Read as much as you can- Educate yourself on the basic concepts and there are plenty,- legal, financial, construction, management, land lording etc etc etc.  

BrianNotwithstanding the math, the concept is the same, if you are interested in cash flow as your goal, think MF over SFR.

But having a steady income in your household not only pays the current bills, pays for benefits such as insurance, provides funds for the lifestyle, and any excess income provides your own pre-approved source of interest free capital, but it also makes it much easier to get banks to help you build wealth.

There is a bunch, of meet ups, and everybody was once were you are, learning and starting out, we all never stop learning, I can feel you in with the Meet ups hopefully somebody will since i hardly ever attended, but if you have any other questions feel free to shoot, meet ups is a great way to start networking and learn ideas and concepts. 

So VA is still a better deal.My favorite FTHB program, however, is actually VA friendly and I'm guessing that by virtue of being in the military your household income will be below the applicable income limit for the county you are buying in (local to me, the income limit is in the six figures...).

But a really good friend of mine back home started doing this business & recently introduced the concept to me.