But alas I would be heavily invested in real estate with little diversification.

Allows for diversification across asset class, operator and geography.Cons: No control, you're along for the ride.

Just want to share my story regarding diversification from heavy equity/401k position to short term rentals. 

But I also don't forget about diversification because every investment is risky so to reduce these risks I created my property portfolio.

Many fortune 500 companies are in  the DFW area with lots of job diversification and a highly educated work force.

There are many benefits of purchasing turnkey to include: -Investing in a market outside of your own that may offer better returns or diversification.

It will Be prudent, from an investing perspective, to see how hard less densely populated areas will be hit by the economic impact of the crisis, if not by the virus itself.The key lessons are to have adequate reserves, use leverage responsibly, look for diversification across areas and types of properties and lastly, have a defensive playbook for when it’s needed. 

Maybe some diversification is in order?

This depends on your personal investment philosophy and/or what gurus you follow.For example, many in the FI community would say you should not mix your 401k (normally equities investments) with real estate investments because the diversification you get by investing in the equities market and the real estate market are a boon. 

Financial independence and income diversification is a major goal of mine and real estate seems like a powerful arena to build wealth.