Quote from @Trevor Toft: If you pull out the equity, you'll have a second loan to pay and you'll be in a negative cashflow situation.I bought my first house in 2000 while in the military.

Between people relocating here, retiring here or transferring here with the military demand for MTR is solid. 

There are some exceptions that allow for pro-ration such as military orders and change in job location.1031 exchange isn't possible since thats only for investment property. 

I picked a location that is nearly economy-proof since it predominantly houses military families.

He will be getting orders (active duty military) and will need to move in May of 2024 to Texas.  

Look in locations that are near a university, military base, refinery, etc.

My understanding is that military can receive an extension of the "must live in the home 2 out of 5 years" to 10 years.How does this work for taxes??

Anyone needing to travel for training or for a PCS (permanant change of station) will need MTRs - often while waiting for their military housing to be ready or to find a house to buy.

I'm a Realtor and Investor in Southern California and I've used various programs for first time buyers, military, teachers and police officers, so why not single moms? 

I'd also love to connect with anyone military who is in this awesome community.