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First of all I don't believe there is any such thing as a 'business background' that is so magical. If you've worked in an office or a factory or a shopping center you've worked in a 'business'. Even property investing should be considered a business in my opinion. Additional skills that...

It's possible to acheive but I've only seen a few people do it through property investment, and they certainly weren't passive about it. I can think of other ways of achieving $200k income in far less than 12 years through business.