I tend to agree with no-such-reality, That could be some nice retirement income and equity for you. That income on top of a miltary pension you would be in good shape. On the other hand you might sell it buy it back cheaper have better cash flow and pay it off faster. I Would say that given the information you have provided you are about as close to being on the fence on this issue as it comes. When in doubt keep it!
If you are going to have a hard time coming up with a down payment in the future why don’t you either refi-and get some cash out or shop for best heloc you can get and don’t use it unless you get a really great opportunity. Probably sounds like bad advice but you don’t want to get locked out of a true buyers market for lack of down payment. Keep in mind though, that a lender is going to knock 25% off the rent you are earning so to a lender that house is cash flow negative and hurts your ability to qualify for a new house later.Get rid of it!
Capital gains is a real deal killer. These posters are saying market has dropped significantly already. Keep it!
I would keep it.
It depends on your total financial picture. Smart of you to ask around though.
Best Wishes,
