This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.

Ignore the $1,250 per month because that's your cost of housing, if you didn't pay that on the home you'd have paid that in rent so that's a non factor. 

Only 1 VA loan allowed per service member.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

I immediately called Financial Freedom they explained that the $200 was for their "pay -site" which includes a free weekly conference call, etc.

You should never use a debit card or pay for medical expenses from your HSA, ever!

Out of curiosity would anyone be willing to share any experience with non-paying renters who've vacated the property prematurely?

If you click that, you will be able to amend (i.e. update) your original post.  

Raising rents to $600 per unit would increase the value of the property approx. $200k. 

I think she is equally responsible if she is 50 / 50 ownership per the offering and through thier own discussions on podcasts, social etc.