<human>:  What are the pros and cons of buying rental property?
<bot>: 
Pros:
 • Rental properties can provide consistent income.
 • Real estate values often appreciate over time, providing increased potential for capital appreciation.
 • Tax advantages such as deductions for maintenance and mortgage interest.

Cons:
• Can require a significant amount of time and effort to manage.
 • Unexpected maintenance expenses can occur.
 • Location and tenant issues can cause the property to be a headache.
 • Changes in the real estate market can reduce the value of the property.