Best way for $4K rental income a month that is mostly hands off?

[Cole Evans]

What is the best way to earn $4K of rental income a month that is as ‘hands-off’ as possible?

I live in the UK, approaching 70 and have £200K ($260K) to invest.

I am no stranger to being a landlord and have two properties that I rent out already. I could probably sell these to increase my amount to invest to £500K ($660K). I just want a solution that is as hands off as possible and can generate $4K a month in rental profit.

I’ve been looking at properties in the UK, but they either tend to be quite expensive or generate low rents. Would I be better be looking of in the USA or another country? If so which areas?

I have a secondary goal of retiring in the USA, although I am not sure how feasible that would be as I don’t have US citizenship. I know there are schemes where investing $500K in real estate projects can provide a green card, but they don’t seem to generate $4K a month in income.

I would appreciate any input or ideas just to get started with some inspiration so I know where to get started with looking. Thanks!

[Steve Vaughan]

I don't think even d- areas in the midwest could provide $4k net rental income (profit, right?) with $260k.  

Do you plan on using debt? Is $260 the down payment on say, a $750k asset?

I can get $4k/mo net on 2 of my smaller apt buildings, but that would be closer to $750k if I was motivated to sell.    

I remember someone looking for $2k net per month on a $200k hard investment (no debt) in Seattle.  The answer was to lower expectations to reality or play 10 perfect hands in a row of blackjack or 10 perfect futures contracts in the market.  Slim chance, basically.

I don't think $4k net is possible on $260k without good leverage/financing @Cole Evans