What would you do in my situation?

[Leo Hoang]

I have a question regarding my situation and would love to hear what you all think and would do  if you were in my situation!

My wife and I are currently own a house in Nebraska for a year now and our mortgage is $1600/month. My wife will be done with her residency and unfortunately we will have to move to Kansas for her new job later on this year (we are thinking of living in Kansas for about 4 years).

Now we are thinking about what to do best in order for us to pay off her student loans of $190K and a mortgage of $210K. Our annual income will be around $230K before tax.

Here are the options we are considering.

Renting out our house will give us the cash flow of $100 or less. (Monthly rent $1700 - this info is from the previous tenant that lived in this house) We would loose money if we sell our house now.

Buy a smaller house in Kansas to live ($140K or less) and rent it out when we move again.

Or Live in an apartment. Try to pay off the student loan ASAP.... and probably buy a couple single properties to slowly build up our portfolio.

Your thoughts and insights would be much appreciated! 
 

Thank you very much