Hosting many WP sites on a VPS

I want to create 500 - 1000 Wordpress blogs but I heard that you shouldn't have too many on 1 IP for SEO purposes. .
I was wondering if anyone knows about VPS. Does it allow you to have multiple IP's? Any feedback would be greatly appreciated. Couldn't find the answer on Google

yes VPS allows multiple IPS

U can assign 1 IP to 1 WP site if u so desire

IPS go for around $1 per month from most providers

WOW! Thanks a lot for the reply, I appreciate it Mac.

your welcome