Long Term Strategy Goals

[Jill Smith]

My husband and I just closed on our 3rd rental property.  What are different "end game" options?  I understand how to look for cash flow, things we will need in 5-10 years. However, what are different long term options?   In 20 years when our properties are paid off, do we just live off cash flow? Sell them and take advantage of appreciation?  Right now we both have W2 jobs and are focusing on reinvesting our rental profit into more properties.  However, in 5-10 years we may decide to "retire" from our W2 jobs and have more flexibility. I feel like I'm missing something and need to know what our end game is while we are planning for the near future as well.  If it makes a difference, we live in the midwest (Wichita, KS) - decent cash flow without crazy appreciation.