Investment strategy: $500k liquid?

[Kashif Khan]

Hello BP members, I am new here and have been an infrequent visitor on bp over the last 4 years or so. I currently do not own any income properties but planning to take a plunge very soon. Here for advice, guidance and consultation. 

Looking to invest up to $500k liquid to generate income, not restricted to any area/region - personal preference would be Chicago suburbs. 

How do I best leverage my capital for cash flow? What would the seasoned and highly experienced investor do with $500k today? I am exploring various ooptions such as apartment buildings, single family homes, multi family homes, multiple condo units, reits.

I am not sure which route I will take yet. Any advice will be helpful.

[Steve Vaughan]

Quote from @Kashif Khan:

Thank you everyone for your comments and feedback. I continue to explore options and will hopefully keep this thread posted on the progress. 

Continue to do what got you the $500k in the first place.  

Search for the hundreds of other 'I have $× what should I do' threads.  

 Bonus if the poster provides no info on where they're  at as far as debt, family, retirement, goals, what they like and what they're good at etc. GIGO.