Live in flip, new construction

[Nick E.]

Hi, brand new here and had a couple of questions. I had this idea the other day and now I can't stop thinking about it. I currently own a home that I bought new construction. I have lived in it for about a year and a half and am currently finishing the basement. I owe $200,000 it's worth $230,000 and after the basement is done I should be able to sell for 260,000 or more. I know a lot of people in the trades and how to do some of my own work so I should be able to get my basement complete for less than $15000. Finishing the basement doubles the square footage and adds 2 bedrooms and a bathroom. The question I have is if it would be a viable strategy to sell my house, take the money and buy another that is similar new construction, finish the basement and keep repeating? I can't really find any holes in this plan, worst case scenario is I stay in a similar house with more equity. Am I missing something or would it be this easy? I would  buy and sell without a realtor. I have a mentor that has multiple rentals and he is willing to teach me. I would look into some rentals after doing this a couple of time and building equity. Thanks in advance for any advice.