Key takeaways

• Buying investment properties can come with a unique set of potential risks and rewards.
• Risks can include the cost of ongoing time and effort to manage properties and maintain relationships with tenants, plus the possibility of lack of diversification.
• On the other hand, in some cases it can offer income and property values that may keep pace with inflation.
• In addition to considering whether it's a fit for your financial situation, think about whether you have the personality to be a landlord.

There can be something particularly gratifying about buying and owning real estate—about plowing your hard-earned money into your very own corner of the Earth. For investors who feel nervous about the stock market or who struggle with the abstract nature of stock investments, it may feel reassuring to own something tangible, that you feel confident will still be standing in a year (or 20).

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