holy ****, now that I know what you do, real estate development is not for the faint of heart, I don't know how you do it, and not lose your mind on a daily basis"~ Scott

I wrote about this in my blog Have I Found the Holy Grail of Passive Real Estate Investing?

Turnkey can be a great investment, esp for folks in pricier markets, but it isn't the Passive Holy Grail that many people make it out to be.

Holy cow!

Holy moly!

@Matthew Irish-Jones  Yup when this all came out as a new fangled way to do real estate and the term was coined and the book was published to me it was Holy cow there are going to be some serious sad investors who have no experience trying to do what is described.. no question this works but for those that dont live anywhere near the assets and trust some core 4 team they take huge risks that simply were never talked about .. 

Holy cow will this never end.. 

@Jeremy CardenalesYour profile mentions that you are an agent.The holy grail from a tax perspective is an agent with rentals who is eligible to claim real estate professional status.This is something to discuss with your CPA.Doing activities in Florida won't impact your state tax obligations since Florida does not have a state income tax.I would still suggest speaking with a NY CPA as the NYS tax laws are complex.

The Holy Bible...66 books, 40 different authors.

I will take a stab.when my parents moved to Cupertino California in the mid 60s they bought our 2 story 2400 sq ft home on a nice lot for 22k.. when I got out of high school along with a bit of collage I got my real estate license at 18 and well after a rough start I finally started to make commission income to the point were I was like Holy cow now I get it.. why work by the hour.