$92 Million in 25 years to good to be true?

[John Hyatt]

I am currently reading "The complete guide to buying and selling apartment buildings" by Steve Berges and he makes the argument that if you buy one apartment complex every year and flip it into a larger complex (I am assuming 1031 Exchange since he doesn't account for taxes) for 10 years and then hold the 10th complex and have it paid off in 25 years you will be better off then if you purchase 1 apartment complex every year for 10 years and then hold them, not just by a little bit but over $90m!! I have always been a buy and hold guy, because I want to retire young and enjoy the rest of my life. This chart made me rethink my avenue. Its sort of similar to Brandon Turner's "7 years to 7 figure wealth" which I think was awesome and am going to print and hang in my office.

That being said the author goes on and says lets say you cant create 20% a deal and can only do 15% he said its still around $27m! Steve said 20% is easy and in the 7 years to 7 figures Brandon advises similar statements (purchase at 20% discount and increase profit by 10% over the year through forced appreciation).  

1) Does this seam realistic? My question, would be why stop after 10 years? Let just say someone wanted to retire in 10 years...is this realistic? or even if someone's goal was to retire on $2m they could essentially flip for 5 years and be set with a $3m property and live on cash flow and then after 25 years it gets better.

2) Can this be replicated in SFH? for example buy one house at 100k and sell for 120k after a year by forcing appreciation and 1031 up to 200k etc. or do several 100K homes at once?

3) What are your thoughts? let me know if you cannot see the pictures.

Buy one property every year for 10 years and hold them all:

VS. Buy a property and flip up every year and hold the last one after 10 years:

-John