Ah, the big thing is the 16% tax rate, that is great when coupled with a low six figure income, which is probably the case if you are in a lucrative type of law while working at a firm. I am just starting off my law career, but regardless, my actual income tax rate, even with taking deductions, is going to range from 28.5% to 33% all combined (so about twice as much).
It seems like real estate is reaching the low point you are speaking of during the end of this year in the US, or perhaps early next year. Sadly though, I won't be in a position to make a major investment in real estate for at least a few more years though (when I am an associate). For now, all I can take advantage of are Roth/401k accounts and low interest rate school loans (well under 6%).
Anyways, in your situation, I think you are fine, though you may want to setup some sort of other low-time requirement passive income sources (such as continuing with real estate investing to a degree). I believe the number someone needs to stick to with a 50-60 year horizon is about 3.5% withdrawal rate. As such, when/if you get married/have kids, you may have to take a look at your passive income sources and make sure you are staying pretty close to or below the 3.5% draw rate. As your retirement horizon decreases to 30-40 years, you can evaluate your portfolio based on 4% draw rate.
Good luck and enjoy the fruits of your labor, I pretty much hope to follow the exact same path (except in the US) so that I can reduce the number of years I have to work, rather than the amount of years I want to work, as you have.