A bunch of little old Italian ladies are sitting on milk crates peeling potatoes and such. 

(And as it stands now we ARE preparing a case of the entire process - from the $1000 they originally padded our bid amount - to the attempted milking at the closing - to the entire process that has transpired these past few weeks that have been completely unethical, chaotic & downright ridiculous). 

Not preferring codos or town homes that milks HOA (> $150). 

I view theses as a new (yet old) form of skimming and quick ways to make a dollar with no capital at risk.  

After refi closing costs, you aren't going to get very much milk out of that cow.Refinancing every 30 seconds isn't necessarily the best idea, so if there's some forced equity in the works for that place it might be best to wait until the work is done, so you can get a loan of (for example) 75% * $300k = $225k

Thanks,Andrew I apologize a bit, I skimmed you're post, saw the post from Charles and went down the finance side, but that was still applicable to you. 

Some rental owners have active maintenance programs and actually have reserves or means to replace worn out roofs, driveways, windows, hvac, plumbing, etc some not so much..Without going in to too much detail, does it look on first glance like they milked the property and are looking to pass all the deferred maintenance and major replacement costs on the next owner?

Karen, I would not impose on Josh or Brandon as to them writing a book on what financing structures might be employed or how to raise funds, at least no further than skimming the top of the matter.

I see many, MANY out of state investors lose property they can no longer handle, management companies milking accounts dry, resulting in Sheriff Sales galore.

The idea is to have no intention of ever really selling it, just milking lots of money out of people who can't/won't do anything about it.2.