30 year VA loan, where do I go now?

[Christopher Beasley]

Hello all! I've just jumped into this neat little "real estate" pool with you guys and the waters great. But I don't know where to go from where I'm at now.

So, here's the situation.

$169,000 loan, first owner of a 2014 3BR/2BA appraised $185,000 in OK City

30 year VA, looking at 800 a month P + I, 100 Ins + 200 taxes

I am renting the rooms out inside the home I'm living in, one for 650 (includes water, trash, internet & cable) + 1/3 electric and gas is theres to pay

the other room is renting for 300 including the same things, + 1/3 electric & gas (I'm doing this cheap for this person intentionally, she's a life long friend and she's going to school giving her a break in life to get her on her feet)



My total monthly income is $4504 after taxes. I have a scheduled pay raise in 1 year to $5236 a month.



End goal is to have a few investment properties maybe 10 that I rent out for increased cashflow. (really, I don't think I'd put a cap at 10 because I love the idea of this and I feel like I'm going to get addicted)

I will not be able to pay extra or save money beyond my $5k savings account for the first 6 months because I will be paying off $10K in high interest credit cards. After 6 months they will be paid off in full and after all expenses including fun money I'll have around an extra 1200 per month to spend in investing.

Questions,

after the 6 months... I don't know what is smartest to do,

Pay the 1200$ into the VA mortgage and pay it off faster until I move again (4 years from now)

Save the 1200$ until I get around 40K and then purchase a multi-family home or maybe even just a single family home using a conventional loan

When I move I want to buy another house where I'm going. If I put more money into the loan each month will this allow me to use my house in OKC as collateral?

Essentially, I want to make the most of my 1200$ to get my property count, ROI, and over all cash flow up in the next 4 years. And maybe capitalize on the 4 years of paying into this home also.

When I move out in 4 years, I plan to rent the home as a whole and it should go for about $1450