While I know there are lots of tax advantages to rentals (not to mention asset diversification and the use of leverage), it has just been easy for me to put money in index funds and set it/forget it.I looked at a house this week and almost pulled the trigger...$70K purchase, only needs about $10K in paint, molding, tile...simple stuff.

It offers a stream of income and diversification to your real estate portfolio.  

Another diversification approach may be looking at more passive opportunities such as a multifamily syndication investment as a limited partner.Keep learning.  

Easy on the paperwork volume.Easy to invest once and get multiple asset diversification.

As someone who has been in all types of real estate over two decades, I will tell you that there is a great value in diversification.

But yes, I hear you about diversification. 

It also means diversification across multiple asset types, geographies, operators, and investments.Thanks again and best wishes!

I have some investments in stocks already and am seeking real estate for diversification.

There are ways you can still participate ie. several platforms if you have limited time You won't make a killing but you will get some portfolio diversification and make much greater income than the stock and bond traditional method.I would suggest that you look at notes as an investment vehicle if your going to do this alone. 

@Christian Hutchinson I completely agree with your diversification strategy - IF you have the money to do it.