Sold my B2C comp for $1.3m, Real Estate wanna-be next 5 steps

[Sunshine Bizz]

Sold my B2C comp for $1.3m, Real Estate wanna-be next 5 steps. 

Guys, i was a authorized dealer for a wireless provider (B2C) company and operated across 4 states and managed 30+ locations. Sold my company and am exhausted. 

Goal --> I would appreciate if some of the investor can share what next 5 steps they will take which will help them build a rental Real Estate portfolio of $5m in next 5 years. 

My background --> IT consultant with IT and Accounting background. Have managed a few properties in the past. 9 years ago went through a Chapter 9 bankruptcy, have a credit score of 722 with $1.3m in the bank account. 

Positive point --> I have a family friend who is a builder who can help me with rehab properties. 

The ask --> What 5 steps you will take that can provide me with some guidance where to start for Rental Real Estate. 

Struggle --> Too many options, start with B Class neighborhood or C Class, should i ask for a loan? Should i simply invest in RE and then ask for a loan later for my next batch of investment(s)? Should i look for Multi-Family homes? What ROI should i care about now? 5%, 6%, 7%, 8%? Should i buy new properties giving me 6% ROI? Then go into rehab and rent them out?

I know this is quite a lot to ask but i will promise to share my results with you guys through this journey as an open book if you like. 

Regards, 

Sunshine