. *** News Flash Brandon Turner didn’t come up with that strategy, he just named it***Anyways, I grew up swinging a hammer on his projects.

Should only take a 4-6 months if you're hammering at it.Why wait?

Less time to build up your investments and less time to recover if/when mistakes are made.You won't be able to swing a hammer like you could in your 20s, so you may need to be more hands off in certain aspects, but never totally hands off.Strategy:Because of the pros and cons above, you may wish to focus more on cash flow than appreciation, especially if you will need this cash flow to live off of.

I'm a builder and do this often. without floor covering this is fairly simple. a walk behind concrete saw can be rented 100$ or so. the Cutting takes 20 min then break out the concrete (No jack hammer required). install conduit and a couple bags of cement mix and your done. if your cutting into old tile that you need to match I wouldn't do it. contractor would be making good money at 500$ in my market

Not saying some don't make good money doing it - just don't forget your 'partners' that are nowhere to be seen when you're reviewing hundreds of properties, analyzing every bush, swinging the hammer and taking all the risk, but show up at the closing table to take huge cuts!  

He’d have to spend 5 minutes with a sledge hammer to get through that.

I find it hilarious when one of the renovation shows on HGTV show people sledgehammering their cabinets, and then having long, sad faces when the GC tells them it's going to cost 5 grand to relocate all of the ducts and pipes in the soffit that they assumed was just decorating the tops of the cabinets :D

While it is possible to not be swinging a hammer or renting space etc, the use of the term passive implies "free lunch" to me. 

Might be a box of nails that rattle, put a hammer in there to give it some weight, then wrap the real gift inside that one.

I think they paid about 70k a door then.. so as we come up to 150k a door for smallish type condo's might make sense.. although tax treatment gets hammered..