Despite the ups and downs of the real estate market over the years, residential real estate investment has proven to be a smart choice for many investors. The demand for housing continues to rise, and with it, the value of properties. Also, rental properties give investors a reliable source of income. Potential tax advantages related to residential real estate include the ability to deduct mortgage interest and property taxes. Also, many investors feel more secure when they can visit and personally check the property before buying. Residential real estate investment is a wise alternative for people wishing to diversify their portfolio and create long-term wealth, even if there are risks associated with any investments.