Renting vs. Owning (Pros and Cons)

[Jorge Duarte]

Hi Biggerpockets community, 

I am currently in a situation where I can rent and save some money for future investments or buy a home and not be able to save because I would be putting most of it on  my mortgage. What are some pros and cons of renting? What are some pros and cons of owning a home? And lastly, how can I mitigate both sides to the point of reaching financial freedom? What important things to take into consideration? 

Thank you in advance!