Hi all, Another thread paints a sobering picture to achieve 500K passive income via residential property - the contributors detailing a required 12.5 odd million of unencumbered property. This has further let the wind out of my sails, as I've been struggling to formulate a strategy. I've read all the SS and PC posts, and most of us come from different start points. So, here's me. My yearly salary is upwards of 550K+, essentially by working two full-time jobs (single income earner for family of 5). This is largely a windfall salary after many years of not much, and accumulated debt. I should reasonably be able to get 600-800k pa without changing too much from this point. I'd like to replace some of this income, with the view to winding back active time within 10-15 years, but also to accumulate enough significant wealth that ultimately I'm working because I enjoy it, and we can buy the fancy things that we certainly do not buy now (I drive a $2000 car, dress in old clothes, and have holes in my shoes - we have lived on a shoe-string for so long that old habits die hard, and frankly, I do not wish to blow all this disposable income with a lavish lifestyle, until we are set up). I'm 35. I have a highly leveraged 2M portfolio of 2 IP's (Brisbane and Far North QLD) - close to neutral, and a relatively humble Brisbane PPOR which will become a good IP in a few years. My strategy was to plod along and accumulate properties, wait for CG then go again, into a different market when Brisbane has hopefully done its predicted thing. The end goal is unclear, but 12.5M unencumbered seems entirely unachievable (mindset? perhaps.) The current focus is to pay down some accumulated non-deductible debt and accumulate some offset buffers, but this is accelerating and achievable by the end of the year. I'm contributing to super, have nothing yet in the share market, know nothing about commercial property, and until I lower my LVR (currently high 80s) and increase a cash buffer, am moderately risk averse. So, how would you invest? Is residential property a waste of time for me? (if i truly thought this I wouldn't be here, but I'm really struggling to see the light).