My thinking is that if we sell the property and walk away with a bunch of cash we could buy another property with around the same cashflow but with higher upside as far as a SFR growing in value more quickly than a townhouse would.My wife is thinking that she likes the cashflow and it rents really easy.

Hey BP community, I am new to real estate investing and am glad that I found bigger pockets to help me learn, network, and grow.

The area is growing and I anticipate rents going up as well as house prices, i don't want to bet on this but it does give me some comfort that equity will increase over the next few years.  

I firmly believe having control over your investments offers greater potential to grow and expand. 

Even if you get a judgement, collection from someone without money is difficult and time consuming.

Now that we're settled in our new home, I'm looking to find my first property in the next 6-9 months.I'm always looking to meet new people and continue to grow a real estate network. 

I still have a W2 but our portfolio has been consistently growing, since I started networking more. 

If we sell, our plan is to take our time to look into getting a multi family property maybe just outside the Bay Area (it's too expensive here) so we can continue to let the money grow.

They are far too labour intensive and time consuming to hold for what is basically low returns per door.

Congratulations to your growing family!