I would skip RE entirely and put everything in bitcoin.

He must think every landlord is a billionaire.

I have owned in land trust and there is no value there just extra work, a lot of extra expenses and I am not  a billionaire trying to hide assets  and everything I own is on my return as I want to pay taxes so I can get credit lines.    

While the markets I have chosen may not have as much rent growth or cap rate compression as other top growth markets, I believe the lack of competition makes up for that.Just as investing in the stock market, or bitcoin, or anything, you want to be ahead of the heard as best as possible.

An alternative would be to use the extra power to mine bitcoins using graphics cards or ASICs and programs like nicehash or claymore.

Lots of people have rich fathers but don't become billionaires - look at the washed up descendants of the Rockefellers, the vastly poorer Vanderbilts, etc.... 

If you buy Income Producing Real Estate at the right numbers (and know what you are doing) I think no other asset class compares.Some people's owned Real Estate portfolios are better for them than others.Some people want appreciation for sale, some want stable cash flow, some want big cash flow.Roulette can pay out 35 to 1 for a winning bet, but not many would consider that a suitable investment strategy due to the risk of losing.With Real Estate we can add value, enjoy the increase in value over time, get depreciation benefits on our taxes, control the income upwards by improving it, or getting better management, etc..And stocks, bit coin, gold, etc.. is not gambling how (you have no control over them)?

I've done well on some long term bitcoin investments. 

And they were big on bitcoin investing.

Bitcoin