Need help or direction

[Joey M Davis]

I just a bought my second home it is now my primary home. I bought $167,900 is what I owe. I own 1 rental home that is worth $240,000 and I owe $188,722.12.  My mortgage is $1150 and I am getting $1527 after realtor gets there 6%. So $377 positive cash flow. I want to be at $2500 a month in positive cash flow and I can walk away from my present job. 

I want to buy 3 more homes in the next year to be rentals but how do I go about it? I have about liquid $10,000 cash reserves and another $40k in mutual funds. Should I wait until get more cash to buy out right or what do I do next to get my next rental?

Thanks again for any advice!

Joey