Two SFH's going, but what's next? (scaling from here)

[Steven LaLonde]

Hi everyone,

Thanks to this forum and a personal + family network of good real estate advice, we bought our first property earlier this year, which is cash flowing very well (I think we got lucky, finding an all cash deal that needed some rehab, and renovating it for reasonable costs).  

Fast forward to today, and I have another deal tee'd up which is another SFH in a good area. The house needs nearly zero investment to be ready for tenants. Cash offer again, hoping to rent it for 1200-1300 a month.

At this point, my reserves will be pretty much wiped out for the time being, but we'll be cash flowing nearly 3k gross per month without mortgages, and looking to scale further.

As I'm now into this journey to financial freedom, I'm asking the experts for opinions on what's next. I am considering the "refi" part of thee BRRRR strategy on property #2, or both properties #1 and #2. To get into #3 and then perhaps #4 (all SFH)... but am open to other ideas. I am generally risk averse, and this is why I waited until I had significant cash reserves before getting into the game, but appreciate hearing from folks who vote for getting levered or using OPM to get there.

How do I get to 1m/yr from here (someday)? :) Seems tough to scale SFH's that way but I understand it can be done?