This is my first night on this forum and I am learning quite a bit just from reading the responses. This will be my second post. I am very new to the investment game and I am still learning, but based on what I have read, I have to agree that with the type of income you currently make, its may be wiser to go with a more passive form of investment. You can never buy back the time away from your family.
I started my adventure with SFRs, one every few years and never knew anything about investing, cash flow, or how to calculate any numbers. I bought based on a feeling that it will be paid off one day and the rent will be all mine. I work full time and I spent a lot of my off work hours working on the properties as the tenants unpredictably need issues resolve. I stumbled in Bigger Pockets on You Tube last year in the middle of Covid and it opened my eyes to all the things I should have learned early on. Since Covid started, it acquired 14 more doors and in escrow for 27 more. I could have acquired 100+ doors, but I chose not too because I quickly realized how much time and energy it takes to do active investing. I chose to take long pauses so I can spend time with the family.
I think everyone needs to be reminded that there should always be a conscious effort made for work/life balance. I am speaking from the point of view of a married man with 3 young kids. Wealth is not only building the foundation for generational financial freedom, but it is also the ability to afford time with the ones you plan on building the foundation for so you can influence their desire to build upon all that hard work you put in.
Your impressive combined income and limited free time should lean towards a less hands on investment and still be able to obtain sizable cash flow.
