He is a young 23 yrs old fellow going to a local university and has a good background check with decent credit.

All with new roofs in past 3 yrs.  

I've heard of "house-hacking" but right now it doesn't make sense for me because I'm due to PCS (I'm still not sure when and where, but I've been at my current assignment over 4 yrs).I've heard of turnkey, but haven't researched it enough to make an informed decision.

We updated the carpets upstairs 4 yrs ago & recently upgraded main level floors to luxury vinyl plank, new kitchen cabinets & counters.

Just like that you're 1.5 yrs into a property and moving the needle forward. 

Fast forward 5 yrs and I haven't raised their rent. 

A new roof today that costs $6k to replace (probably more in 30 yrs), but you can either budget $16.67 every month for 30 yrs, or budget $100/mo for 5 years prior to needing replaced, or hope to have the cash available when the inevitable day arrives.

If it's not a good investment property the numbers will tell you.Jaron,We brought the present home in 2012 as our first home.Its a new construction.I did run the numbers on the existing home.As I mentioned we paid 212k in 2012.Took an FHA and refinanced to conventional a few yrs later.(3.5% for 30 yrs Balance on mortgage 160k).Mortgage runs to 1200/month.Our property can be rented out as is for 2000/month.Its a 4 bed 3 bath and rents in our community start with 2000 range for our sq footage.I want to pay off this house asap in next 5-6 yrs and free up money to invest in another house.The houses in our community are in 450k+ range.Hubby is preapproved is not the reason for another house.The other house is right opposite to our community  and is a 5 min walk from our house.So its not a big move.Except that I want to move closer to our kids friends.Our lender metioned Heloc maybe a good choice for further investments.I want to explore Home Equity Loan route to be safer.I am still a layman in Heloc route and dont want to burn fingers.Any advice.P.S.What is COC? 

., how far away you are, how much time you have to devote to the property, managing service calls, going there if necessary, ability to do your own work, etc.So that's something you'll really need to decide for yourself - though I would say as a new person, you should expect that you'll be there a bit more than you "imagine" you will be (at least that was my experience when I was new 15+ yrs ago).If you do decide to hire it out, I can recommend a couple of local companies.

I rented it out for 13 yrs.