There's milking cows and cattle, you need to know the difference, but you can make money with both.

My PA homes I bought for under 200k each.... so yes .... can't cry in our milk no one cares..

From being a GC, I now know that the risk part of a project (LNI, aesbestos, lead-based paint, injuries, employee complaints, milking the clock, OSHA safety compliance, safety training and meetings, litigation, construction defect warranties, etc) equals the cost of direct labor and materials.

If not they will milk free rent and try to delay eviction or wait until the last second to move.Either way you are going to be out some money on this one eventually.

I would milk this for everything you can!

It's not exactly what you were asking about, but check out Mr Money Mustache.

The gallon of milk at the store I bought went up over time.

Some sellers just pass on these hot potatoes, having milked the property by keeping all the rents and not plowing much back into it...Then the exit strategy is to sell to someone who may not recognize all the deferred capital expenses.Some ideas for avoiding the hot potatoes (where everything is at or near the end of its useful like) might be looking at age (but it sounds like most listings are a bit older), so you might only look at those properties with updated major systems and components (HVAC, plumbing, roof, windows, insulation etc). 

We were trying to work with the tenant in the beginning, but they were playing games with us and milking from the system.

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