Can I rent out a property purchased with a VA loan?

Yes you can. If you want to buy another home using your VA eligibility it may be more difficult, but not impossible. It really depends upon how much eligibility is remaining. But there is nothing that states you cannot rent a home later after you have purchased it.By the way, i was jsut in boise this past weekend (my daughter lives there) Stop by the Great Harvest bread store and say hi to the owners.