Today’s family boasts some extra-wild children—pets. Lovingly referred to as “fur babies,” pets are becoming a staple in the average renter’s household, with 70 percent owning pets in 2017.

For those looking to invest in real estate, understanding the current market is essential to striking an optimal deal. But for current property owners or aspiring investors, it's equally important to know where the market is headed in the coming years.

The real estate market is an exciting one, and there's no shortage of would-be investors drawn in by the possibility of big profits. Just like any investment, though, finding a property to flip or rent is rarely as easy as they make it look on real estate reality shows.