New to Real Estate Investing

[Adam Fox]

Hello,

I recently sold my business and have about 4-5 million in liquid cash. I'm looking to put a good amount of that into real estate as passive income. I don't know much about real estate but have read some books/listened to some podcasts. My background is tech so I don't have any specific skills related to the industry. I'm not really interested in rehabbing or flipping. I'd like to buy and hold and establish monthly cash flow.

I'm located in South Florida and there doesn't seem to be much good cash flowing properties down here. Should I look into other markets?

What would you suggest I start with? I'm looking for the best way to leverage capital so I'm thinking multi family commercial or possibly turnkey properties. My goal is to make 10-15k passive per month.

Thank you