Is my plan realistic? VA loan and Convential Loan

Hello BP Fam, 

So I will be a U.S Navy Veteran next year, and plan on leveraging my VA Loan(no money down). I plan on going to Orlando, Fl for school and using my VA loan to house hack a duplex. Nevertheless, while I've been in the navy I've been saving up to put down 20% on an investment property back home in Dallas, Tx. I want to invest back home just because I'm more familiar with area and market prices are more affordable for my 20% down payment. So is it realistic thinking to have a VA Loan and Conventional Loan at the same time? Im 23 years old and have big dreams, PLEASE HELP!