Negative monthly cash flow

[Dustin Little]

Currently I have a home in Alabama on a streamline va loan that I recently refinanced. It is a 15yr loan at 3.25% and the balance is 119k. The nearby comps indicate that I'm about even. I collect $765 a month after pm fees and my mortgage is just under $1000. Any ideas to bring it to positive cash flow? Or at least break even? Every six month I'm knocking $3500 off the mortgage and in about five years I could sell for a profit but I rather not continue paying $200 a month in the mean time. The option to do away with the pm is not practical I live in Washington. I thought I had a good idea by doing the 15 yr refin and save $60k in interest over the life of the loan. But that proves to be wrong for cash flow and I wasn't looking into actually become an rei till recently. Thank you all in advance for advice and for being welcoming to a newbie.