$2 million to invest - need $20k per month

[Alex Williams]

I am the trustee of my father's trust. He has $2 million available and I need it to make close to $20k per month to cover his monthly expenses. This must be fairly passive. My idea I am toying with is to invest in $2 million worth of turnkey rental properties, paying all cash. No leverage. Going on the idea that the 1% rule appears achievable in many of the successful turnkey markets, this seems like a workable plan. Is it? And while I don't need appreciation, am I fairly likely to get pretty much the same amount back as I started with when I sell them down the road if he passes away? I wouldn't have to sell them immediately.

Are there any far better ideas than this given my requirements, or is this a pretty good, safe way to get close to the monthly cashflow I'm looking for? By the way, I realize it is not entirely passive but I have several rental properties of my own and I will be able to monitor the investments properly. Would greatly appreciate anybody's feedback on my situation.