So I jumped in... What’s next?

[Mitchel Simpson]

Here is my current situation, any input from y’all is appreciated. I currently live in a house worth about 130k. I owe 108k on it and could rent it out for 1200 or 1300. Im currently building a new construction home as an investment property. I’m putting 29k down and will rent it out for 1.4k.  The house should be complete in December and by that time I should have another 30k saved up. I might build another for 140k and put 3% down, rent out my current home and live in the new, then after a year repeat this process an also have another home built with 20 percent down. How does this sound?  I know I could possibly make more money upfront with older homes but new homes are appealing with a warranty and in a better part of town. I also make about 100k a year and save nearly 50% of my money. Thanks in advance.