I have 100K that I would like to use to generate income for my parents. Ideally, 4-5% after tax yield should be sufficient for their needs. I saw a recent thread on investing 200k to generate income, but the scenario there doesn't seem realistic and/or sustainable.
One obvious option is to buy a real estate property (apartment, condo, etc.) and rent it out. But I really prefer not dealing with tenants and maintenance.
I am thinking may be a combination of REIT funds and muni bond funds. But given the amount of choices out there, I am really at a loss. Any advice is really appreciated.