Wow, are you me? Our numbers are eerily similar. 38M, married, one child in VHCOL, NW 1.74MM, cash 40k, taxable 300k, retirement 500k, home equity 1MM, LOC -100k. HHI 630k, 60k coming from rental income from our triplex that we live in. Our spend is way higher though at 230k.

I understand the rise in income is recent and the down payment + liquid funds impact on liquid funds. These things were all recent and make your debts look big and your available cash appear low when compared to income.

The reality is, you decided to use leverage to more quickly achieve FI. You’re not there yet but in 10 years you will most likely be there. Maybe even sooner if your rental properties see some big appreciation and you are able to plow a lot of excess cash into the market over the next 3 years. You could also just sell everything and move to a LCOL location and coast. Your job might get better and if it doesn’t then go get a new job.