Dude, real estate is totally appropiate as Bitcoin discussion.
I would only consider it as a place for myself to live in. As any type of investment it's way too much ball ache. You have to install tenants who grow pot, defecate in the gutters, spurt semen all over the windows, ovulate in the hot water tank, leave their hymen and placentas to rot in the air vents.
Fuck that.
If I had to do something with property I'd get a bunch of paddocks. There's no shortage of stupid people where I'm at who'll pay sometimes 50% or more of a house rental for a field to park their horse in. And you can't eat a human tenant if they don't cough up.
Well, of course house/flat rentings are more work than land/fields/paddocks but... I don't know why you think you need to resort to that sort of tenants... I would never rent anything to anyone that doesn't have enough collateral (contractually covered by himself, his parents, or whomever that has enough collateral to fully cover any potential debt/damage to the property + interests + legal costs + moral damages).
Anyway, as with any other type of investments I wouldn't suggest anyone who doesn't really know the market and its specifics to blindly invest on it. Buying a HOME instead of renting is another completely different thing that would probably apply to many more people.