You gave the mouse a cookie and now she is expecting you to give her the milk too. 

As long as you have your due diligence you are as good as buying a property that doesn't say "as-is".For question 2: The biggest "scam" is tenants not paying and milking the system.

Because as a business, you want to milk capital items for as much life as you can ring out of them!

You want to milk bonus depreciation and STR loophole, with no intention to operate it as an STR after a brief period.I'm certain that it does go against the intention of the law, as discussed in my post linked  earlier.

I’m looking for the milk and cookies but can’t find them:( 

My life as a low C-class landlord is milk and cookies every day, chocolates when it rains and flowers when it doesn't.

My strategy is not to milk a cheap house for as much as I can, but rather it is to offer a residence that is reliable, presentable, and fairly priced for both myself and the tenant. 

I tried cash for keys, but this guy knew the system and milked every angle.

Truly the land of milk and honey. 

That's when the DIY craze took off, folks started writing books, and it was the land of milk and honey.