BRRRR while living on the property

[Randy Estrella]

So I came across a property that I’m interested on purchasing however, it does need some fixing up but I feel like is livable till all repairs are done.

I got pre qualify for a VA loan and I'm a bit concerned that the VA might not want to lend me the money with the conditions of the property. So I was thinking, why not use the BRRRR strategy but I noticed that private money, hard money, etc their terms is not for me to live in the property... Why?!

My plan is the same as if I would rent it (for me) and refinance it with the VA loan in order to pay off the hard money/private money. I'm just trying to wrap my head around it and see if I need to reconsider my strategy.

Please advise, Thank you!