Sure, the cash flow on them and ultimate returns may not be as high because you're paying more for them, but it's all a trade-off.I think they're great for newbies, so much so I wrote an article about it-https://www.biggerpockets.com/blog/turnkeys-for-ne...And as far as whether they are good investments, all of mine have been very profitable.

He suggested a potential trade for repairs for rent.

By definition of CAP rate, a stable rental building is currently trading in many places between 4% - 8% CAP. 

Are you nee and attempting to trade time for experience?

You have to make them aware of the other potential consequences they have no clue about.

My previous car payment (traded in the month it was paid off) was $666.67.Thoughts?

There would be no depreciation recapture, because the building is sold for $75k which is equal to its current ("adjusted") tax basis.This is a rare scenario, but it does illustrate that land appreciation can have interesting tax consequences.

So I totally understand the idea of trading one job for another with flipping.

It can invite odd tax consequences and also raise fairness issues down the line.

Generally, these losses can be deducted against future passive activity income from any passive activity source and not merely form the activity that created the loss(except for publicly traded partnership).