If I had $1,000,000

[Adam Shindler]

Do you remember that BNL song from the 90's?

It got me thinking the other day, if I had just half ($500,000), how would I approach buy and hold investing with the goal of living off the cash flow?

As a new investor I would be interested to see how more experienced investors would approach such a situation as I am working on training my mind to see the opportunities other investors may see.  

[Chams Eldin Ali]

I invest in upstate NY. If I have $500k I would buy 5 single family houses in an up and coming neighborhood for cash, then cash out refinance. With cash out refinance I would only get $300k out and use it as a down payment to finance 4 duplexes in the most prestigious area of the city. I'd end up with about $20k gross rental income. Your net income after mortgage, taxes, insurance, property management, and utilities will be at least $12k per month assuming minimum rent.