Is $150k yearly cash flow possible with $1.5m investment?

[Austin Oliver]

I am looking to retire in the next few years and my plan is to invest in rental property that generates a cash flow of $150k/year to live on. I currently have about $1,150,000 in savings and another $350k in equity on my primary residence. Total $1.5m to invest. Is this a realistic expectation and if so how would you recommend doing it?