Retiree considering real estate investment. Crazy thinking?

[Kim Newman Kanney]

I am in the process of selling a piece of farm ground. I want to diversify as well as keep this money in tangible assets. I'm 62. All of our income at this point comes from pensions, annuities, etc.  Am I crazy to be considering jumping in to rental properties at my age? I would definitely hire a property manager. The financial advisors I've spoken with only want to sell me on investing in more annuities, life insurance, etc.