Two pronged approach

[Mark French]

Hey everyone, Posting for a sanity check - Any response will be greatly appreciated. In addition the real estate investment journey in flipping/whole tailing (no deals to date, still on the hunting mission, we’ll get there), my wife and I are considering moving out of our home (70% Ltv, been our homestead for >3yrs), getting rid of PMI to lower mortgage payment then renting it out as a positive cash flowing long term investment and buying/moving into a new home then rinse repeat in another 2 years. Aim to max out the Fannie Mae and Freddie Mac limit. Think it’s 10. So whilst searching for our new Home the criteria has been pretty simple, low mortgage payment and similar square footage. My wife is a RE Agent and a new build in a different part of town in Dell Valle development (master planned community) has caught our eye. I’m just not sure this is a smart move given it’s a new build. It’s definitely a long term hold but a reservation of mine is, in ~2 yrs will the rent cover the mortgage payment and cash flow. We suspect yes but it’s a 14 year mega community build project, we are looking at one of the first homes phase 2. Also we only have neighbouring neighbourhoods for rental CMA and they seem low, around $1600 for 2000s/ft which wouldn’t cover mortgage. We will be in a stronger cash position in 2 years so a thought is to refinance by putting more down to reduce mortgage payment if needed. Any feedback or advice will be welcome. Is this silly? Many thanks.