Landlord potential with starting capital of $1.1M?

[James Edward Grohman]

So I've pretty much always wanted to be a successful landlord but I've never been able to make the jump.  

I've been blessed with a little over a million dollars to fully invest into rental properties.  

With a little bit of education and research, would this kind of money allow me to invest in rental properties to a point where I could even hire a property manager and become wealthy from this?  

I'm really in the dark at the moment and don't even know where to begin.  For me the sky is the limit as far as number of properties.  

I know location and housing markets in certain areas are a big factor too.  Is there something more profitable than buying to rent?  

Any advice or knowledge from anyone would be awesome.

Thanks,

Jamie

[Caleb Heimsoth]

James Edward Grohman what a great “problem “ to have. My first piece of advice is to never mention how much money you have publicly on these forums. It’ll attract some of the wrong attention

Secondly educate yourself for 6-12 months before you buy anything. I would start small, but a single family or small (up to 4 units) multifamily and see how it goes and how you like it. If you like that, then buy a larger deal or apartment building.