How do I determine what amount of a down payment would be required in order to use the VA loan.

I've bought my first two homes with VA loan entitlement and currently rent the first one out at a positive cashflow while living in the second for at least the term of minimum occupancy (likely longer) so that our monthly living goes to equity instead of rent.I am trying to determine how to best accelerate our purchasing power for new investments. 

Print it off, study it, highlight it, and keep it handy for reference.At the bare minimum, you should know:How to determine market rent for your unitsHow to set rental criteriaHow to screen applicationsState law regarding due dates, late fees, and the eviction processHow to handle late rent professionallyHow to evict a tenant for non-paymentHow to get rid of a problem tenantYou could easily read those two books, study your state law, and then develop WRITTEN procedures for handling these issues within a month.

But this will be determined by the appraiser and you will need to qualify as it would be owner occupied property. 

That should get you started determining if you think it's a good fit for you or not. 

As far as your questions go:Look through all of your loan documents and then give your closing attorney a call.The first thing you need to do is a thorough and realistic rental analysis of your home to determine if it will make a good rental.

@Matt Everling The seasoning period is determined in house by the bank.

Your realtor will also give you estimates on market rents so that you can determine if the returns are worth it for you.Best of luck to you moving forward!

That way you can determine if it's worth it to do the rehab and still turn the profit you want.

You are disturbing the original foundation and supports for the building and not to mention any attached buildings so you will need experts input to determine load, etc...