Brown the chorizo in a non-reactive skillet over medium-high heat.
Add the beans and bring just to a simmer.
Reduce the heat to medium-low, add the cheese and let it melt.
Add the milk, chili powder and hot sauce, then bring back to a low simmer.
Reduce heat to low.
Mash the beans gently with a potato masher and stir to recombine.
Serve warm with tortilla chips and enjoy!
Note: You can adjust the consistency of the finished dip by adding milk to make it thinner, or by letting it reduce to tighten it up."