Could I run into trouble using Conventional then VA?

[Padric Lynch]

Hey BP,

Just got off the phone with a loan officer. We had spoken about my plan to use conventional financing in order to capitalize on the owner-occupant benefits, then renting and moving, using a VA loan to purchase another property as an owner occupant. Each property would be in the same area so his concern was that a VA loan would be hard to justify to an underwriter on that subsequent property. Going VA first, then conventional second is definitely a solution to this, but I feel like the reverse would be a smarter way to deploy my capital. Waiting a year to move out or purchasing an "investment property" with a marked up rate and higher down payment would be painful! Has anyone seen an instance where this was not an issue in acquiring a VA loan? Any guidance or insight would be appreciated.