Depending on your remaining entitlement, you can purchase another home with a VA loan.

If you decided to sell and do a 1031 exchange, it would let you defer all of the tax and depreciation, and use it to your benefit by purchasing investment property for equal or greater than what you are selling.

I spoke to a few trusted friends who know the full story and they felt it was a good idea.I would like to get thoughts from this group on doing that.

Also Oklahoma is a landlord friendly state.

Or a 2 bed cabin estimated to bring in 60k to 70k. 

Are you looking to simply purchase from afar or do more of a househack here? 

Often in a seller's market, buyers are forced to waive contingencies, increase purchase prices, and provide very favorable terms to the seller.One of the most common contingencies that is waived is the home inspection contingency.

Quote from @Javier Esquivel: What is a good solid flooring that is budget friendly to go into a rental?

I’ve assisted my clients with purchasing with as little as 15% down. 20% is usually what most investors put for down payment.

Subsequently, our friend/tenant had just broken up with his GF and now had the space and needed the help with the rent to stay in our property.