^ It's a fixed and extremely non-liquid asset, that's for sure.
But some of the best benefits is the ability to write off things in your taxes. Stocks don't age or need maintenance. Property obviously does.
So you can write off depreciation, which can add up to a LOT; in addition, if you spend enough time running property it's treated like a business, and that allows you to write off a ton of shit as expenses. People don't view it this way, but when you maintain a rental property you're basically adding to your own wealth even though you don't pay tax on it. For example, if my building has an old and faulty electrical system in some of its apartments and I spend $1400 upgrading some of the electrical in the building (just happened the other day), you think "damn! That cut into my profits". But the better thing to think is, "I just slightly upgraded my property, increased its value, and won't have to pay any tax on this miniscule amount of wealth that I just added to the building".
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