Plus a big factor is how quick you'll be able to pay down that HELOC if you use a HELOC.My preference would be to use the HELOC at a lower rate, pay it off as fast as possible, then deploy those HELOC funds into another deal.

It's not exactly the easiest time to sell but have you though about how you could deploy that $400k plus elsewhere and leave behind those Condo HOA fees eating up cash flow if you parted ways? 

How much capital are you looking to deploy?

My hubby and I just closed on our first investment property that we intend to deploy as a STR.

If there was, trust me, instutional investors would have deployed that long ago.  

I spent 24 months in combat as an infantry officer and did another deployment to West Africa in a specialized unit.

Debt is so cheap it makes no financial sense to keep equity locked up when you can deploy the cash and earn way more on your money. 

By not re-deploying that equity, you are also missing the exponential appreciation and depreciation benefits that leverage provides.Of course, the cool thing about REI is that there's many ways to approach it.

Although, some units don't strictly enforce these.Of course this comes with the risks and downsides. 1) The military installation is the lifeblood of the market in remote areas; post closes or reduction in force could hurt value tremendously.2) Legally, military tenants can escape the commitment of contracts with relocation/deployment orders.

My commander and others have told me I should look to invest what I earned from this deployment and look into real estate.