Sell Stable SFHs for Older Multifamily?

[Dave Michael]

Good Morning BP,

I have two rental properties in Colorado Springs, and I am trying to brainstorm ideas of what to do going forward. I have somewhere between 150k-200k equity between the two. The first one I owe $350k, worth $450-470k, cash flows $900. The second I owe $450k, worth $550k, cash flows $700. Both houses are relatively new, no renovations needed. There is a new amazon facility in Colorado Springs, but I am not sure how much more appreciation the region will experience. The cash flow for the equity isn't the best, but it is a decent return.

With the end goal in mind, I am working towards owning large multifamily real estate. I want the shortest path possible towards acquiring big apartments. I’m also in a possible move from CO to NH. 

Should I sell my turnkey safe rentals in CO in order to purchase 4-8 units in New England? Properties in the northeast tend to be older and require work, have lead paint, etc. But multifamily is where I want to be.

Dave