Real estate is a popular investment choice because it offers good returns and doesn't always move in sync with stocks and bonds. However, it can be tricky to include in a diverse investment portfolio due to its unique characteristics like large lot sizes and high transaction costs. Research shows that many investors may not be allocating enough to real estate in their portfolios. The question of whether to outsource property management is also important for real estate investors. This study aims to help investors make better decisions about how much to invest in real estate and whether to manage properties themselves or hire experts.