Find folks doing what you want to do and w/that kind of capital, gradually start putting it to work in some deals to learn.  

I'd start on a project to project basis and kind of gradually get to the point I'm taking on multiple at a time.I'd like to start out as a real estate agent, but it's obviously going to be quite the challenge with my current schedule.

I started out with a small, old house in a C area and have gradually bought bigger and better houses to the point where right now I'm living in a 4K square foot mansion, lol.

I make a decent living as an LT and with a little extra research, effort, and intestinal fortitude I'm gradually progressing as an effective manager of 6 units.

Best part is that when tenants become accustomed to gradual rental increases, they don't get sticker shock when you go to increase their rents the following year.

Respectfully, I'm against the method of gradual increases - they can either afford the rent where it should be or they can't and I don't want to lose money for 3 months just to reach month 4 and have them move because its now too much.

Start with smaller deals I could do myself without a balance sheet partner, so I could gradually build up my net worth and not have to split profits with so many people.  2.

Bubbles just dont spring out of the market abruptly but can gradually form within a certain time interval.

This will be an invaluable lesson to build experience, deal with problems, and develop landlord to tenant relationship.A few months after gaining experience with my first investment property, if I find that real estate investment is to my liking, buy a second investment property.Repeat step 7 gradually over time while maintaining ample cash reserves and not get over leveraged.

As we "gradually" increase the rent on this particular tenant (we inherited a good tenant and that means something to us), we'll be consistently in the green in the near future.