Built a 6-figure profit with rentals. What's next?

[Erich Henson]

Fast forward 20 years from first reading Rich Dad Poor Dad, I've built up a portfolio of 50 rental houses, a 10-plex, a couple office buildings, and a tax-free annual net profit of around $200k.  I've achieved my dream of leaving the rat race!  Or have I?  You see I manage my properties myself and my wife and I want to fulfil a dream of moving out of state to live somewhere warm and close to a beach but I'm realizing that if I hire property managers to take my place, my profit will be slashed in half or worse. :(

So it's back to the drawing board.  To move away, we either cut our lifestyle in half or figure out a way to give our portfolio a "make-over" to somehow squeeze more profit out of it while at the same time hiring management so that I don't have to work on it full-time..

I'd love to hear any success stories of others who have been in our shoes or advice on what direction to take.  Some ideas I've had are to start selling off properties and try to 1031 exchange into an apartment complex with management or sell off properties and 1031 exchange them into properties closer to where we want to move to.  I think maybe a mastermind class would be helpful if anyone has a suggestion for that..

Thank you!