This whole "tax advantage" business is lipstick that gets put on crappy deals to make them more attractive.That 750 hours is the minimum.  

I see the trash areas as old buildings getting lipsticked the refi out the money and downturn they go into default again.

In most of those posts we have no way of knowing what percentage of those 100 units are quality and which are pigs with lipstick.

The challenge that I have is wanting to correct all the DIY and lipstick on a pig improvements that have been done throughout the years.  

This is a lipstick + flip.New floors, paint kitchen counters, cabinet faces, new bath, install central airWhat was the outcome?

The turnkey company emphasizes that they don't simply do lipstick on a pig which I think is great. 

So, I can go into a park, buy a MH for 3 to 15k, and turn it over immediately (with a little lipstick), for a profit:  No lawyers, no realtors.  

In my mind, particularly when you market a property at a top end retail price, you need to do a top notch rehab, not just place lipstick on a pig.

With my current rehab strategy I like the nicer areas for my renovations as I like to do more than just a "lipstick" renovations.

There are no shortage of lipsticked pig properties out there, and learning to spot them is essential for successful RE investing...we're all susceptible to "shiny object syndrome", but being aware of it is the first step to avoiding it!