Sell Primary Residence and Move Into Paid for Rental

[Karen Couch]

My husband and I currently own a primary residence and three rental properties with total rent payments of $3150/month.  Two of the rental properties are free and clear.  We are trying to decide if we should sell our primary residence and move into one of the paid for rental properties.  If we sell our primary residence, we will have $100K in equity. Our third rental property has $48K left on the mortgage.  We could rent the property we would move into for $1300, but by moving we would eliminate our primary residence mortgage payment of $2000.  We are in our mid-40s. Our ultimate goal is to have rental properties that produce enough passive income in order to retire in 10 years.  Ideas on the best way to reach our goals?  We want to be completely debt free by the time we are 55.