Heres my math, Mortgage= $833 I have been told I can rent it for about $1150.

The main reason I am getting into real estate (hopefully sometime soon) is because I like math.

*EDIT*If I did the math right, you are cash flowing $350 prior to budgeting for repairs, cap-ex or vacancy?

i would stay away from SFH as your first purchase. you are 100% responsible for that mortgage should something happen like you lose your job or something. a multi family gives you breathing room. one thing to keep in mind is the taxes...sure the Bronx may have higher prices compared to NJ....but you can find properties in the bronx with 2-3k annual property tax rates.....while Jersey has some of the highest property tax rates in the country. factor that into your math and not just the purchase price. 

If my math is missing something please let me know. 

Your profit projection uses “TV investment math” and that makes it very wrong.  

I always knew mortgage people sucked at math so this is no surprise! 

Rather than sell the home, you want to rent it out and buy again at the new duty station using your remaining entitlement.Here’s how the math works, assuming you’re buying in another county with the standard VA loan limit ($453,100):$453,100 x 25% = $113,275 Maximum Guaranty$113,275 – $50,000 = $63,275 Entitlement Available$63,275 x 4 = $253,100 Maximum Loan Amount With No Down PaymentSo, in this example, you could look to borrow up to $253,100 before needing to factor in a down payment.

When Started I did rent by the room and the labor and turn over requires one person there every day so you might have 1 person living in the house and managing the other rooms but again all of these options are basically a math problem.

More risk/hassle for another $20K per year is different “math” that having it for another $2K per year.