I've shared a little about what I've been doing below:Target Strategy: 30-Year Conventional, 25% Down, $50k All-in Budget (more if great deal)Property Type: Duplex/Triplex only (No SFH).Year Built: Prefer 1940–1970 (Brick 1950s side-by-sides are the "Gold Standard").Condition: Turnkey or "Lipstick" only.

I've seen investors make good money on a "lipstick on a pig" type renovation while others only want to do full gut remodels. 

The screenshots did.AI just adds animation, lipstick, and lip liner — at a higher price.What you people call innovation, I call extraction.Most PMS platforms don’t survive because they’re great operational systems.

It's a lipstick flip....floors, interior paint, countertops, etc.The inspection is Tuesday.

We often deal with the aftermath - owner hires us AFTER buying a Class C/D pig-with-lipstick and has Class A expectations:(

As a general rule we look to buy homes in areas we would want to live in (not C or D class neighborhoods, and not lipstick on a pig rehabs). 

The lipstick on a pig days are over.

Nicholas First I want to thank you for all of the help you've been providing to so many people here on Bigger Pockets this string of messages is a huge wealth of knowledge all in itself.I know one of the biggest mistakes you've mentioned that people make is the failure to establish an in service date for the rental property early, I may have made this mistake but I want to check to see if you think I'm technically covered or not.I closed on a property in October and the house overall is a solid property, just lipstick and polish needed for the most part to get it up to speed.

I don't see it that often in my market, there is almost always some value add completed, usually kitchen and bath updates/ curb appeal or lipstick upgrades at a minimum.

They usually have some kind of lipstick to put on their pig claiming their offer is market value and near immediate.