In addition to this forum, you may also be interested in PassivePockets.com - our foray into helping investors make better decisions while evaluating syndication and passive real estate opportunities. 

With 200k in cash flow every year, you should be able to turn and use that income each year to buy more properties, but is that what your dad wants to do at 60?

Despite the appeal of leveraging debt for wealth expansion, the security and certainty of a fully paid home offer compelling advantages for many.Pro tip:I look at the metric ROE, Return on Equity over ROI, Return on Investment.ROI = (Net Operating Income/ Total Investment Cost​) × 100ROE = (Net Operating Income/ Equity​) × 100For me, what is best for you is dependent on what stage of your investment lifecycle you're in coupled with your risk tolerance and personal financial goals.With Discipline,Josh

We both work full time, which won't change soon, although we hope to retire early if we can supplement our income enough with real estate. 

I have a couple additional questions in regard to this topic.Background: LLC1 and LLC2 hold a property as TIC with the intent to Flip it. 

This is an additional cost/step. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

In addition, I rehabbed my bathroom and kitchen myself in my primary condo.

- Condo- pro's- own something that will appreciate, can still be in the city, can rent out if we move- passive income.

they talk about how much capital you need to be able to replace a substantial W2 income.