So a guy like Will picks up a multi, holds it for a long period, then when he has milked all there is...or when the land and sqft value strikes above a level that it makes financial sense, he redevelops into condos for an 8 figure payday.

Then live off rice and beans.You should still be able to house hack your first investment and roll that on to next as you learn the ropes.If you feel you arent earning enough to do this read more of Mr Money Mustache.If you have other complaints, read even more of Mr Money Mustache.

Maybe a gallon of milk costs more than it did last year but my grocery bills seem to be stable.

As far as flooring Laminates do not hold up that well to moisture (ie water spills, milk spills etc.)

Attorneys can milk things.

This will be right before the washer breaks down because it's doing load after load of diapers every day, the microwave breaks down because it's busily heating up formula and breast milk every day, the range starts a fire because the boyfriend is careless about leaving the burners on, the fridge breaks down because he's doesn't give a damn about about making sure it's shut.It all amounts to a compassion tax they're demanding that you pay because they had the shrewdness to break their lease and you had the stupidity to be a landlord.So get rid of them.

If they are only charging you 4-7% for management fees its because they will be milking you on the back end in maintenance and repair charges.

If it usually takes 20 days to get the property leased up then you don't have to worry as much and milk the higher rent until around the time they are suppose to be leaving.

Money Mustache post here: http://www.mrmoneymustache.com/?

The risks of being a GC include aesbestos fines, lead based paint fines, OSHA safety compliance, safety training costs, employee issues and complaints, HR risks, labor and industries risks, worker injury, litigation costs, construct defect management costs, quality warranties, settlement fees, construction delay penalties, work redos, workers milking the clock, inadequate project management and inadequate construction management 2) Mistake #2.