Sell SFH in SoCal to purchase 2 quads in Texas

[Pia Grace Fernando]

Hi,

I need help to decide!

I currently rent out a SFH in Los Angeles, CA. Cash flows $300/month. I have an estimate of $200k equity on it. However, I have an opportunity to purchase an 8-door apartment in Killeen, TX. But it's negative cash flow $400/month. I will have the opportunity to raise rents by end of 2023.

Can someone give me insight on this? What would you do?

Thanks in advance!