How would you retire/FIRE w 500k cash now?

[Drew Slew]

This is quite open ended but what would you do if you made 140k, fully remote work, just moved to Miami (no income tax), and have 3 properties/dabble in the stock market have about 400-500k cash to use aside from income/rental income?

- 2 out of the 3 properties are rented since over 2yrs, so could use income for new loans possible, about 1500/m net cashflow from the two. 3rd property is primary residence and currently costs about 1500/m so come out even w them. BUT if rented it could cashflow 500/m at least, so 2000/m net cashflow w no job and no place to live..

- save about 5-7k a month from the salary, but would like to quit. so lets say no income soon. 

- have in stocks about 300-400k to play with liquid. 

IDEAS so far, Miami area and NYC/NJ market so far:

1) BRRRR start w a small condo all cash and try out the buy rent rehab strategy to take back initial capital. Even if it fails dont need all capital back, 70-80% is enough to keep buying.

2) Buy 2-3 condos quick w current W2 income that cashflow each 200-300/m, so net casfhlow would be above 2-3k if ALL properties rented, and just trade rest in stocks, dividends. 

[Greg Scott]

With that much cash, look at getting into bigger investments, not condos.  Condos are not smart investments since you do not control a large portion of the expenses.

Consider getting into multiple apartment deals.