My short answer is to get your cake now.

It is not icing on the cake. 

The appreciation is the “icing on the cake” :) 

I host one monthly in Anaheim.  

At this point, my investing just icing on the cake and will help my family and I afford a better life style and eventually help to lead me to financial freedom.

Of all the books I have read this year, this one takes the cake.

I’m about 40 years old, and do have a reasonable normal(salary) income of about $200K, but looking to hopefully semi-retire in a few years if I can, although need a few more sources of passive income as of right now.Disaster scenario in my head is… stock markets crash(loss of stock equity), along with the tech scene here in California collapse (loss of job/rental price decline or vacancies increase), and adding icing to the cake with perhaps some earthquake affecting my real estate here (we are long due for a big one).Feeling a bit paranoid but would rather intentionally decide what to do, whether to keep or to diversify. 

thanks You don't get to have your cake and eat it too. 

Also you might consider appreciation, that could be a good ice on the cake for your investment. 

In fact, you might want to pick up a book on multi-family and once you know that an SFR is going to be a piece of cake.