The best replacement for rental property is second home.

The best alternatives to rental property are rated as following:
★★★★★  second home
★★★★  stock market
★★★★  stocks
★★  vacation home
★★  reit
★  investment property
★  vacation property
★  2nd home
  royalty property
  primary residence
  pay cash
  dividend stocks
  investment
  personal residence
  reits
  keep

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Google Trends

Scale is based on the average worldwide traffic of rental property in all years. Click on graph for more.
rental property
second home
stock market