I have no w2 job, a lot of toys (need to get a plane), can do what I want, can assist my son to find his way in life (he is leading his 2nd rehab) and if I wanted I have generational wealth (I have given away a lot money the last few years).  

Run into some very wealthy folks at the dog park, which is always interesting.

A smaller paid off portfolio seemed a lot easier to manage so that is the path I was on.. but I've come to the realization if I ever want to accumulate serious wealth I will have to use leverage and scale big. 

Regardless of socio-economic status, a significant proportion of wealth is concentrated in prime real estate, especially in these areas.

See if you can get a copy of The Millionnaire Real Estate Investor by Keller.The Slight Edge and Atomic Habits too.Awesome board with many smart people having own suggestions and ideas to grow wealth!!I

And mercifully, building wealth is a more important goal than the cash flow, to be sure.

wealth" is generated through purchasing assets, and "freedom" (aka providing more financial flexibility and time) is achieved through generating substantial cash flows. 

Hello, I am new to real estate and looking to get into it and out of renting and starting to work on building that generational wealth. I

So your net earnings ( increase in wealth) is $650.  

They are usually funded by very wealthy people or a group of investors pooling money together.