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AJ,
The cost associated with trading houses is huge. Costs to fix up, costs to sell, costs to buy, costs to move, etc.

True. However, the PITI will be lower, improving cash flow. I think that if OP has enough equity in her current house to cover the costs, it would be a good move. Yes, it's unfortunate to lose all that equity on the balance sheet, but right now she needs liquid assets and cash flow.
If existing equity isn't enough to cover all costs, then she does need to calculate pay-back time. If she has to bring money to the table, downsizing would probably not be a good option.

...emotional upheavals that moving ... will bring to you and your family.

Given that they'd be in the same school district, and presumably keeping the same doctors, auto mechanic, grocery store, etc, I don't think it would be as traumatic as the typical move.

You mentioned building a new house. I don't think that's on the table. It wouldn't be cost-effective at all. Also, given OP's schedule, she doesn't have the time for all the decision-making and oversight that would be required.
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