Give me your opinions on our potential plan!

[Wendy Quezada]

Is there a better way to go about this? Here's what we are planning to FINALLY become real estate investors:

1) Cash out Refi on our current home 

2) Rent out our current home

3) Use the cash out  to buy a new home to live in.

4) Do it again

Does this make sense? For reference, we are in our early 40s. Main goal is to have something for retirement, not really interested in passive income right now. 

Please feel free to poke holes in our plan or suggest better ways to accumulate at least 3 properties by the time we retire in 20 years.