There are a vast array of pros and cons of owning rental property.
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It's become more and more popular of an investment strategy, particularly in recent years as people are seeking havens from wall street investing. A little known fact is that upwards of 70% of rental properties are owned by individual investors.
Even though the market itself can be volatile with housing prices and the demand for rental property can go up and down, depending on the real estate market.
Residential rental properties come in all shapes and sizes. There are many different types of real estate investment opportunities, from single-family rental homes to condos and coops, townhouses and mobile homes, small multifamily properties with 2 to 4 units, fractional ownership shares of a home, crowdfunds and REITs.
That’s one of the best things about real estate. There is a rental property available for every type of investor.
