But a chunk would need to into real estate.From a gambling perspective, the jackpot is big enough its actually a good bet to play.

Your best bet is to build a great site using a developer who knows the basics of SEO, and then simply hire a writer to produce high quality content for your site (either in the form of static pages, or in a blog format). 

I bet I can get a luxury home built at over $400 a foot, no problem.

Perhaps @Ian Ippolito, but 7-9% returns sound like the definition of horrible risk-adjusted bets to me.  

If you want a more stable asset and bet on some appreciation, then medford/Somerville is the way to go, but expect to breaking even or even maybe losing some change here and there until you sell. 

Also, Craigslist is always the go to, I bet you would find some takers there for bartering as well, to give your new camera a workout.  

I bet they are buying at least one every three or four months.

which I would like to use a portion of the funds to purchase a rental property  and begin implementing the  brrr  strategy any advice would be greatly appreciated thanks in advance BP* determine investor *Best bet would be to Visit a couple of the local community banks right in your area for a regular Refinance,......cash out and go buy some rentals!

And I bet there's more to it.

Your best bet is to ask a local realtor how fast properties turnover in that area, every area is different in the turnover rate and they will be your best source of information.