If you need financial help, ask under the "Finance, Tax, and Legal" forum.

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.

(gross rents $4900; 8% PM; mortgage+insur+taxes = $3600/mo).

Almost every action taken in the economy is taxed and the faster the economy chugs forward the more taxes they collect.

“I’m literally the nation’s leading expert in tax liens and tax deeds,” he boasts in one installment.

I'm assuming you are arriving at your cash flow number by applying Gross income - cap ex, maintenance, utilities, vacancy, tax, insurance, mgt, landscape/snow & Debt service?

For now, it Looks like your roommate/tenant can cover half of your mortgage (plus hoa fees). 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Enough immediate cashflow to balance out the mortgage, taxes and insurance.

There will be no assessment for increase in taxes or insurance so remains at $1935.