How to invest 500 K

[Matthew B.]

Hello,

I'd like to get your input on how you would invest 500 K. I am a 40 year old high earning professional. I do not work in real estate. I have a few single family homes, but no major real estate experience. I have 500 k of liquid assets that I would like to deploy for real estate. I am no in a huge rush and I am not limited by location. My goal is to invest the 500k for about 50 k in cash flow a year. By the time I'm 50, I'd like to be around 100 k. I do not plan on retiring soon. I would like the investment to be mostly passive, though I am certainly willing to give time to understand and plan well.

The asset categories I am considering are passive RE through syndication, multifamily, or NNN commercial. I am leaning towards NNN commercial given the low expenses once purchased, appreciation and equity pay down. I know the cap rates are lower with this class, but I am not looking to milk every penny. More interested in stable, low maintenance return on investment.

You all have much more experience than me, so I am hoping that you all will give me a sense for how you would handle things.

Thanks!