I'm asked this question frequently. The real answer depends on YOU. It should be determined by gathering as much information as possible on each option and pile all of this information on YOUR scales to see which one gives YOU the most benefits AND the least number of headaches. The number 1 answer for me and many investors getting started is a “no-brainer.”
You'll get the good, bad, and the ugly on each. The ultimate decision is yours. Each will have a list of benefits, challenges, and problems.
This by far, is the number one, simple, solid investment. From beginners to the old pro, it's a hard one to beat. Let's begin with the benefits for you.
Years ago, I asked my good friend, successful, experienced investor, and mentor from Sarasota, Florida, John Schaub, why he likes single-family houses. His answer was simple. Although not his exact words, here's my summary of his answer.