If you are in the real estate business and know the in and outs of being homes, managing rentals then this might be a good option.
However if you are a normal investor and want to get a decent return on your money, don’t want too much hassle, want liquidity whenever you need cash, then investing in a mutual fund is batter option.
Read my answer on a similar question here: Ram Medury’s answer to What is the right decision, to live on rent for 20 years and start SIP in MF, or buy a home on loan for 20 Years?