Re-Fi out of VA to rent? Or just sell?

[DJ Harris]

Hey BP,

I currently own my own home with a VA home loan but have only owned it since Dec. 2018. I recently got a new job two hours from the house. The property was valued before at around $94k and I purchased for $83k. I'm torn on what I should do...

A) Seek the possibility of refinancing in order to rent it out. (I know this depends on if I’m even able to do so).

Quick numbers-

Mortgage- $789

Rent- $1000/mo

......OR.....

B) Put the property up for sale, hope to break even and purchase something else closer to my new job.

What is your opinion? Maybe a related experience? Or different idea?

Thanks in advance!