Turning VA loan into a rental

[Matthew R Curcio]

I'm currently living in a house I purchased with a VA loan and I'll be moving in around a year and a half and I'd like to keep the house and use it as a rental. I'm military and I'm near a major military installation and the home is in the most desirable area. But I have two problems, the home is high end and the mortgage, taxes etc are almost 1,900 a month. Add to that the management fee and it's got a limited rental market and not much cash flow.

Also, I purchased it with a VA loan so I'd need to refinance. I've lived here for 2 years so I have a bit of equity and it's appreciated a bit.

Better to sell?