Next Steps? Seeking Advice

[Alan LeMay]

First off I apologize for the lengthy post. This is my first post in this forum but I've been lurking for a long time and love this community.

Background info: Wife and I are both military making ~ $130K salary combined currently living in NJ.

Currently own one SFH in San Antonio, TX. Cash flows at ~ $200 monthly. We owe about $95K on principal and think the house could reasonably sell for $130-140K. This house was purchased with a VA loan(wife's entitlement) at 4.75% interest rate.

Closing on a 4 MFH in Philadelphia, PA this week. We will be owner occupying. Projected cash flow at full occupancy is ~$1800 monthly when we aren't living in it. We currently pay $2K monthly in rent so saving that while in this house will be huge. This house was purchased with my VA loan entitlement at 3.75% interest rate.

Our current plan is very rough but we're thinking of refinancing the house in Texas into a conventional loan so we can use my wife's VA loan again. We called a couple banks and were told we can't do a cash out refinance in Texas. We want to make sure we are using our VA loan entitlements as best as we can so goal is to buy another 4 unit property somewhere with wife's entitlement. If anyone has suggestions or advice on the best way to scale up from here we are all ears!

Thanks for your time!