Newbie looking for smart tips buy rental or rent current?

[Darryn Carter]

Looking to get started in the business. Me and my wife are thinking of purchasing a new home for our growing family, or land to build a dream home and rent out our current residence.  If I did the math right (50% rule) we should cash flow between 400 - 500 a month.  But we have been thinking that maybe we should stay in our current home and buy some rentals... we have a significant amount of equity in my current home. both have stable jobs...looking to make a wise decision to break in real estate.