How would you invest $200K/yr?

[Kenneth Lee]

Above/beyond what I'm putting away in 401k/IRA/529/taxable accounts, I want to invest $200K/year for the next 7 years. What would be effective ways to parlay that into a great passive income? How would you do it if you couldn't spend time to do flips/BRRRR or get heavily invested into the day-to-day?

Curious what sort of general strategies people would employ here?  Blow it all on one large MFH each year?  Acquire multiple SFHs?  Invest in syndications?

[Dave Foster]

@Kenneth Lee, Scale is going to be your friend and your enemy.   Passive investing through syndications etc can always provide you plenty of avenues for your cash (whether good or not so good investments depends). But  your profile suggests that you want to become an increasingly active manager of a real estate investing business.  In that case you're going to have to look at sectors that you can scale as an active owner into 14 - 20 mil in assets and not drive yourself bonkers on projects too small to be able to scale where you want at the level of involvement you want to have.

So be wary of smaller investments that will sap your time but not the available capital effectively for the the haul.  And there's nothing wrong at all with staying in cash for a period of time and then cherry picking off a 5-10 million dollar asset at the right time with several years of accumulated investment capital.  Smart money is sometimes still money waiting.  

Your desire for active management also makes you an ideal candidate for development.  There's a rush like no other to put your stamp on a piece of land that becomes a home or community for families and businesses.  From raw land acquisition to actual construction the multiple phases of actual real estate development might be your cup of tea.