Burner account, seeking advice. My partner and I are late 30s/early 40s, with a net worth of $1.4M, we're both burned out and tired of being wage slaves so we've been working towards FIRE. But working this hard is burning us out further so we're exploring our options. Here's the overview:

Annual Cost of Living: $70K

Combined Annual Income: $300K

Combined Retirement Accounts: $800K

Combined Liquid Assets: $1.5M

Combined Liabilities: $900K

The liabilities are mostly our mortgages for our own home and for rental homes. The older of the two of us will be 59.5 years old in about 18 years, and rough math tells me our retirement accounts will be $1.5M - $2M even if we don't contribute any further.

We live in the US, pacific northwest, and while it's expensive here we could definitely get our cost of living down.

The issue is that currently we have no passive income other than interest from liquid investment accounts and the rental properties, neither of which are nearly enough to live off of. The rental market here is awful for renters and bad for independent landlords, so the rentals pretty much only cover the mortgage and maintenance and don't actually provide income.

Options we're exploring:

1. Keep chugging away and hope our mental health holds out
2. Take lower paying, lower stress, part-time jobs, sort of a FlexFIRE or BaristaFIRE approach
3. A combination of the above: start a business that we can leverage into passive income, either a franchise or our own thing

The concern with options 2 and 3 is we don't want to blow our savings on an investment that will take us years to break even on, when would could definitely just keep working and FIRE in a few years if we stayed the course. Despite what the numbers would tell you, we're both imposter syndrome/ADHD and lack the drive and motivation to start our own thing or even sidegig, so the idea of a franchise is appealing to us because it seems like it's more turnkey than starting something from scratch.

I realize this is coming from a place of privilege and I kind of feel like an a-hole for asking advice.... but what would you do in this situation? Other options?

EDIT: Thanks for the insight everyone. I read all the comments but I gave up trying to reply to them all. Most of you had helpful perspectives

To the trolls; keep on trolling, the internet, no... the world wouldn't be the same without you

To the PMs asking for money; lol

To the PM from that one dude who told me "hope yur wife gets [past-tense-explicit-word] by a black dude"; get some help my guy.

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