Am I barking up the wrong tree with real estate investing?

[James Lawrence]

Okay  - I'm seeking input from some seasoned / battle hardened real estate investors about my next investment move.

Here is a synopsis of our circumstances and what my goal is: 
1: I am unemployed (semi-retired or you might say fully depreciated in my industry;-), but I continue to look for work.
2: I have a strong operations background and know how to determine whether I can turn a profit on an investment
3: I have a respectable amount of capital available for the right investment
4: I am not afraid to micro manage an investment project
5: Perfect world I would like to "net" a minimum of $2500 per month within the next 10-12 months and would like to continue increasing that amount through further investing
6: Any return on my investment "must" give me a minimum of a 10% return on my investment.
7: I am pre approved to finance up to $200K

Some personal notes: My son has a mild disability and is our greatest concern. He will likely never make enough money to survive on his own, and will probably need some long-term financial help. My initial thought is to eventually buy him a condo and provide him with enough dividends from investments to supplement his current income. That being said, at this time I would like to avoid dipping into my investment money unless it's for a profitable reason.

Here is the big question for those who are "in the know" - Is real Estate the right direction for me? If so which area do you think is best for me to explore?