Real estate investing offers many benefits. When done well, these can include:

	Higher risk-adjusted returns on invested capital.
	Less volatility than common stocks.
	Stable cash flow, typically with annual increases.
	Asset and income values that provide protection against inflation.
	Built-in savings plan though the amortization of mortgage debt.
	Diversification by property type and with respect to other asset classes.
	Numerous tax advantages, including depreciation, capital gains tax rates, and ability to defer all appreciation gains via 1031 exchanges.