Pay off my mortgage?

[Roman Kozlov]

Hi I am looking for some advice, heres my situation:

$82k Mortgage

8 years left

3.75%

$1000 P & I payment

Personal Assets:

$180k liquid cash ready to deploy into real estate

I live in Northern California and so far have not had any luck deploying my funds into real estate here (really hot market, seems overpriced, my offers are constantly beat out). I am contemplating paying off my mortgage to free up my monthly income but I am afraid I am leaving returns behind by not instead placing the money in a deal(s).

In addition, I am contemplating investing the money into cash flowing properties outside of California but I have no experience in this.

I guess the question is, can I invest the 82k in real estate instead and achieve a net monthly cash flow of $1000?

Any advice/thoughts is appreciated!

Thanks

Roman