@Mike McCarthyI agree .. not enough benefit in this case to warrant doing .

Now, when it is time for a military move then you can do it again at the new location with the remaining amount of the VA benefit or refinance the VA loan into a conventional loan and use the full benefit again.

Recapture is figured at the lesser of your marginal tax rate or 25%, so if you're in a higher tax bracket you end up repaying significantly less in recapture than the benefit you received.

Plus I have heard some benefits to your heirs when a Roth is involved.   

Bottom line, if you can rent it for at least close to cost, you’ll benefit significantly from future equity, as well as future rent increases.

I think that is great benefit to do real estate close to where you live and take advantage of your background.Definitely keep this thread updated with what you end up doing and how that worked for you.

Both have their benefits. 

Taking possession of the money between accounts is known as an indirect rollover.

We ended up profiting a little over 10k, but I really feel the lessons learned will benefit us so much more! 

-If I cash out refinance, my payment goes up to $1,700 a month (5% interest rate), or about $1,200 a month after principal pay down and tax benefits and I get 110K cash out to set aside for more investing down the road (have significant cash reserves for that now though too).