Starting out with $100,000 cash - what do I do?

[Tim Richardson]

Hi everyone. I am brand new to the Bigger Pockets Community but love the info so far. I am selling my business and will have at least $100,000 cash to get me started, plus ongoing payouts over 4 years that cover my family's living expenses during the entire 4 years. I recognize many people would love to be in this situation and feel extremely blessed by it, but being new to investing I'm not sure how to maximize that lump sum. I don't want to simply throw my cash away at the first deal that comes my way. I am thinking it would be best to pay cash for a distressed property, fix it up, rent it, then refinance and start the process over again but want to do it right. Maybe there are other options that would move that investment faster...again, not exactly sure how to proceed. I am a good helper with projects but am not from a handyman family, and don't know any reliable contractors. We have a personal residence that we could move out of if something were to come up and it would cashflow about $300/month right now if we rented it out.

Does anyone have any advice on turning that $100,000 into maximum passive cashflow within the next 4 years? Thanks for any insight.