By doing this, you’ll avoid any surprises down the road and ensure the deal still makes sense for you financially.

Would it make more sense to move the money we make from selling to a different property that could potentially increase our cash flow? 

Should I be budgeting significantly more sense people are in and out of the property versus them living in a long time? 

A lot of investors based in markets like California and New York are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

Once you have your goal figured out it will help you dive what areas make sense for your goals and budget.

If SF can be turned around, I think it could make a lot of sense if you understand the intricacies and can put up with the tenant/landlord law for the long term.  

This calculation should tell you what makes the most sense.

For example, should we focus on acquiring one high-quality property in a strong market, or would it make more sense to spread the investment across multiple lower-cost units in emerging areas?

@Olga Daisel I think I would focus on getting your Westlake home and using other funds to purchase rentals that make more economical sense.

What states/cities make the most sense right now?