If you are going multi-family a nice duplex with two 2/1's in it is a great cash cow.

I know that’s a lot of information to digest, so if you would like to talk more about it please let me know.

Try to concentrate on house-hacking technique to digest more before you purchase your first deal.

Why not just milk the cash flowing cow?

The bank is paid off or paid down and you assume the rest of the loan, and voila' you get title to the new property (or the LLC that owned the property).These were done for decades (boring but crazy fact - they used to be called Rutherford Exchanges and the original case if I remember was the sale of some pregnant cows with payment being their offspring when born). 

I say dont kill a cow that still has good milk. 

If you are paying $50k for a place, and rents are $800 a month, you have a problem, not a cash cow.  

Once it is rented it will be a cash flow cow. 

Trust me I am in a joint unit now and over half the org had a cow when we did away with it.

A lot of the cheap cities that were cash-cows for west coasters 5 years ago don't make sense anymore... and if everyone's talking about it you should probably look elsewhere!