Looking to buy my first Vacation Rental property.
Hello BP family. I am currently overseas working with the US Military. I am very much interested in buying my 1st Rental property in the Orlando/Disney World area. I contacted a Veterans Affairs loan officer to get the ball rolling and everything turned out to be good for a loan approval. The VA rep asked if I would be the Primary permanent resident and I said no, I'd be using it as an income property. He then told me he couldn't approve my loan because I would need to be in the States and I would need to occupy the home. I'm new to all of this and didn't really know how to argue the point....but I find this a bit confusing. Any advice will be Greatly Appreciated!