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The restrictions can be major
The ability to use a VA loan to purchase rental properties is not unlimited.
In fact, a would-be borrower needs to understand that it can be done only in these situations:
- If the home is a duplex, triplex or fourplex, and the service member plans to live onsite.
- If it's a single-family home with an apartment that can be rented.
- If it's a home that the enlisted person lives in for a time, then elects to rent out after a move or (more likely) a transfer.