We give up a portion of control which is possibly more risk yet lessen risk by gaining diversity across markets.

It's a diverse neighborhood with a mix of residential properties.Investment Potential: The area has historically seen steady rental demand.

@Jack North Poughkeepsie is a very diverse city and you really have to do your research when it comes to the location you’re interested in purchasing in.

The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here.

If you are targeting current cash flow areas, then I would aim for a diversity of location as much as timeline.

So many replies, so much diversity!

I love the diversity of these answers, proves that everyone's situation and needs are different!  

I still have a traditional and Roth IRA from a previous employer to provide some diversity in my assets.

Diversity is the name of the game.

You need a diverse employment base.