This is a new strategy and platform, so any question is a good one so that everyone can best understand the process.

When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan me and my husband are thinking bout:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.

Would be happy to connect to discuss strategies.

You're going to have to scrap like crazy to break even - think rent by the room, short term, mid term strategies that require more work.

@Thomas Farrellmiscellaneous reactions-BRRRRs won't produce cash flow - they're an equity strategy, not a cash flow strategy-OOS BRRRR on your first deal will be incredibly difficult. 

My Edreco, I want to stay optimistic, but after 20 years in the business, I see a few concerns with your strategy—especially buying condos.

Additionally, the property includes an outdoor swimming pool.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

For many it could be a decent strategy to invest their money back into their property.Its the same thing for doing a renovation.

For any of you who use this strategy, can you tell me who your insurer is, and cost of premium?

I'm new here, and am ready to start investing my time into learning the strategies to get my first rental in 3 months.