Investing strategy in conjunction with a move

[Martin Gilligan]

We currently live in Colorado Springs, CO (own) and will be moving to the Chantilly, VA area later this year. We also have a rental property in San Antonio. We're planning to sell our Colorado Springs (current) house and use that money to invest in other rental properties. Also, we're planning to keep the San Antonio house (at least for now) and rent/buy in Virginia (have money set aside for that). We're looking to partially retire in about 10 years, so that's the main driver for our financial decisions (want ~$2,000 cash flow from rentals and enough to have a paid off house). I want to make sure we aren't missing anything that'd impact our overall strategy. Also, any recommendations on our investment strategy would be greatly appreciated.

We were fairly conservative in our analysis in regards to CapEx and repairs and maintenance. We used the BiggerPockets calculators.

For the Colorado Springs (current) house, we estimate we'll cash flow between $-340 (now) to $-125 (10 years) per month and make about $279,000 in profit if sold (10 years).  The mortgage is $212,000.

For the rental properties investment, we looked at multi-family houses in the Saginaw, MI area, primarily because I have family in that area.  We are open to investing in other areas and single family as well.  If we use cash only, we're looking at cash flow between $875 (now) to $1200 (10 years) per month and $375,000 profit if sold (10 years), between two multi-families.  If we use loans, we're looking at cash flow between $-55 (now) to $515 (10 years) and $390,000 profit if sold (10 years), between three multi-families plus extra cash to further invest in the beginning.