I had a similar situation with a group of young military members. 

So I find myself in a situation where I have the opportunity to get my graduate degree paid for by the military.

You can probably find a credit union that would do a cash out refinance for maybe 70% LTV and if the property is valued at 230-250K you could possibly put 161-175K cash in your pocket keep the rental in Toole and go buy a few properties in Florida or wherever you decide to buy.All depends on how much you want to leverage yourself out.

Hi, I was looking for cash flow in North-East New Jersey in rental properties, but at the max I reach at 0 cash flow.For example in Bayonne typical two family home(3 bed 2 bath each family) cost around $500K, taxes around 16K, rent around $1700/family. so after mortgage(20% down) , so total income is around $3400 also same is mortgage premium.other option is  private lending where you can earn around 10% per year minimum.also considering the point that home prices are all time high right now.Can somebody share their example of cash flow in area like Jersey city, Bayonne, Newark,union etc.

As fellow military, @Darrin Carey would likely have some useful tidbits for you.

Mostly seasonal wind energy/ oilfield workers, and seasonal school teachers have been previous renters.Sweat equity for bathroom to be completed by myself (10 year unIon carpenter in my former life in Southern CA) total materials $1091.84.The (3) appliances are $1645.

Hello All, Learning RE investor here, own multiple rentals, but acquired them while in the military and bought to live in, not bought as rentals firstly, but turned them into rentals when i would move to my next duty station. 

I recently evicted a military tenant for non payment of rent.

If for some reason you end up looking at HELOC, at my local Credit Union they have a HELOC that is about 4% right now that moves with Prime, but can be looked at any time with up to a 10 year rate lock. 

Only did 5 properties, however, they are in Boca Raton, Delray, and West Palm Beach.I am an Engineer and Patent holder,  I love construction, been in it since 1978 less Military service.Served 4 years U.S.