I submitted an application to Wells Fargo, but was rejected due to the property debt service.

BUTOver all If your rent roll. gross rent would be 90k and you take say 50% out for expenses. your net income before debt servicing would be say 40k.If your COST been $1.3 million your cap rate is ?

I don't think we're all that different than others, we get some from Wholesalers, and some from our own leads. 

You have $350,000 in cash available to invest, and your bank has said that the potential financing terms would be 80% loan-to-value, 1.20 minimum debt coverage ration, 6.75% interest (fixed for 5 years and floating for the remaining 15 years of a 20-year term), with 1 point payable at the closing.

@Randy Dickerhoff Your primary will definitely factor into the debt to income ratio.

I'm looking for information such as:Cost of the programPercentage of people that have successPercentage of people that do nothing/end up with debt and no property. 

More times than not, the chain of command can make life very unpleasant for the service member until they settle their dues/debts.

Is it best to keep that first property as is and do nothing with the equity or refinance (which would probably lead to a higher interest rate since it’s currently 3.875) or sell the property for cash to buy more homes? 

Buyers don't care about your debt, even if you're underwater.

Wouldn't using a HELOC leverage your equity vs getting a mortgage that leverages debt?