Question: Beginner Odds & Ends

[Jack Galloway]

I'm strongly considering diversifying my investment portfolio with real estate. My top three motivations are:

1. Diversifying: A place to put money in addition to the stock mkt.
2. Appreciation: Single family homes seem way undervalued still
3. Income: Building an additional income stream over time
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I am planning to find a good local prop mgmt co to handle details. My first purchase will be a cash purchase, so no mortgage to cash flow. My main goal is to learn the process with one property, make sure it's for me, then add properties later.

All of that to ask...is this likely to be a high maintenance investment? Or if I choose a decent property and good prop mgmt co, can it be low maintenance?