Advantages and Disadvantages of Direct Real Estate Investment

In the realm of alternative investments, real estate is a prominent asset class that can provide unique opportunities and challenges for investors. One form of real estate investment is direct investment, which involves acquiring property directly rather than through a vehicle such as a real estate investment trust (REIT).

Discuss the advantages and disadvantages of direct real estate investment. In your response, include specific factors that investors should consider when evaluating direct real estate investments, such as liquidity, management responsibilities, and potential returns.