I'm selling a rent house. I'm spec'ing on what to do with the proceeds. I want somewhere to put it that will pay me monthly like when the rent was being paid but without the mountainous property taxes, liability insurance and HOA fees to deduct obviously. For easy arithmetic call it $240k paying $1k a month for 20 years. There might possibly be some growth so it lasts longer but easy arithmetic. I don't want something that might lose a lot of value, much at all really. An annuity is a thought although they aren't always highly rated due to fees etc. So, any thoughts on the best means to accomplish this?
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