Help! Investing in Large Apartment Syndications and can't stop!

[Andrey Y.]

The last property I bought has been about 18 months ago. Due to getting into a bunch of new hobbies/interests which take up a good chunk of my free time, I have been putting my dollars bound for investments into large apartment syndications primarily (and maybe only 20% of investable capital into index funds).

Is there a problem with this? It seems like IF I am able to earn a 14-18% IRR completely passively, with tax benefits translated to me, what is the point of buying leveraged rentals to earn 15-25% but spend valuable time managing them?

Is there a point where you wouldn't put so much capital into apartment syndications and go another way? Like private lending or note investing perhaps. I am not too familiar with either. Outside of purchasing my own 32+ unit building, I am just not seeing a huge benefit in the active investing of rentals vs. passive syndications. Appreciate your thoughts on this guys!