Soldier in need of some advice

[Nick P.]

Let me start by saying BP has opened my eyes and i wish i found you guys before i started my REI adventure. With that said, here is my situation. I bought a SFH April 2009 in Grovetown, Ga. using a VA loan $182,600 30yrs @3.875%. Moved out June 2011. I have been renting it out since then for $1350/mo. I owe $172,366. Unfortunately, i was breaking even on my payments and was not making a profit; only until this past May 2013 when the bank conducted their yearly reassessment, i finally started making a profit of $40.00/mo. Due to my job, we moved to Maryland in which i bought a Townhouse (TH). I financed it using a 2nd tier VA Jumbo loan for $336,400 30yrs @ 3.25%. I owe $333,156. I bought the TH with the intent to use it as a rental property when we move again; projected at 2015 or 2017 (depending on my job). We plan to move back to GA and move into the first house. I would like to buy a third home, either to flip for some capital or buy and hold as a rental for passive income. My problem is i don't have any capital to invest. I used my VA benefits as a way to start my REI portfolio and to get ahead in the future, however almost 5 years later, i feel like its taking too long. I feel like i need to make an adjustment, but not sure were to go from here. Any suggestions or ideas would be appreciated. Thank You.