Starting with capital (1031) what would you do?

[Lesley Stoll]

If you had approx 2.4M what stategy would you do? Keep in mind I am brand new at this. I do have to do a 1031 exchange to avoid capital gains. My goal is to generate income since I am closing my business which is my 9-5. What would you buy? Multi family? Single family? I want to stay in LA/OC county. So out of state is not an option for me yet. Maybe after I get my feet wet.