Helping mother-in-law find cashflow

[David Hodge]

My mother-in-law recently sold her primary residence and downsized since the kids are all moved out. She's looking for something that would provide her with good cash flow as she is very close to retiring. She doesn't care at all about appreciation. She was very interested in buying a property near where I live, Denver, until I showed her how much cash flow she could expect right off the bat. She then started asking me about purchasing in the Midwest, where you could get more CF, but I'm hesitant to recommend this due to the potential issues that are common with investing out of state. Since she doesn't have decades to recoup losses, I want her in something very safe. I'm thinking a REIT might be her best option instead of putting a bunch of money into 2 or 3 rentals. What does everyone think of this? Is there something else I should look into for her? She needs a, low risk, hands off investment that will provide cash flow right off the bad. Any recommendations would be appreciated!