After reading a few books on REI, I think it is good for your portfolio. Paying cash for properties is a good plan, but leveraging say half, would leave you with more cash on hand for other opportunities that arise. The trick is to pick properties that will cash flow themselves with a mortgage.
I would also suggest that the properties be managed by an management co. There are good tax benefits in real estate, along with stability of value, due to the fact that RE is a real asset, as apposed to stocks where companies can loose complete value.
I'm new to REI. But I have spent some time learning the ins and outs of knowing what is a reasonable investment. You certainly want to find properties with a good NOI & appreciation potential.
Your desire to invest in RE is a good decission, but make sure you run the numbers with someone who is knowledgable on good cashflow. Good luck.
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