I'm looking forward to continuing to learn and connect with some like-minded people!

And leverage BP by continueing to ask questions, and as you learn, begin answering questions of others. 

I have owned my SFR for 14 years so I have equity to play with.

Your rental insurance is not going to come into play if your partner(s) insults someone and gets sued for defamation and everything he owns (including your share in the rentals). 

It allows you to diversify into a portfolio of homes as opposed to putting all of your proverbial eggs in one basket.Be cautious tho as over the years I have witnessed countless investors buying properties in crappy areas, for more than they are worth and being passed on to crappy property management that nickel and dimes them to death (I guess all of those 15% "awesome" paper cap rates and promises of financial freedom aren't that awesome after all...)This is not just true for real estate deals but life in general (Your "piece of paper" degree does't necessarily dictate success in your chosen profession or your business)Real life experience is different to what any "piece of paper" says.In all reality guys it takes time to build financial freedom, and the more you can diversify your risk across multiple properties in your portfolio the less risk you bear in the long run.I may not be the smartest Aussie you have ever met, however I do understand a few basic rules that I follow on every acquisition I make.Strength in numbers, cash only, patience, and discipline.Let's talk about Strength first.Price point plays a big part of "strength in numbers" as it is safer to acquire 5 homes for a total of $350,000 as opposed to one for $350,000.What happens if "that one" property goes untenanted for 5 months?

I drive pretty much all day long and when I'm not on the phone, the BP podcast is playing. 

Is playing the waiting game the smarter choice here? 

You must be willing to take on some level of risk to play this game.

You can try several for not much money and continue working with the one you like best.

Interesting to see how this plays out.