Doing very little work on a flip?

[Chad Fernendaz]

As I was browsing the MLS looking for deals it suddenly came to me, and this bight light bulb started shining inside my head with this amazing idea.

 Instead of buying ugly houses that need tens of thousands of dollars to fix up, why not buy a decent looking house that only needs maybe a few thousand to fix up and make a slightly smaller profit within a shorter time span? 

Like I'm looking at a property right now that has a beautiful inside, nothing needs to be done to it and the asking price is 100,000 dollars. But, the outside has a cheap vinyl siding layout. I was thinking if all I did to that house was add some expensive looking stucco on the outside and made it look more modern, I could probably sell it for thousands more and probably do it within a week. 

Why should I have to make flipping a house a major task? I could just do a few things to a decent house and be done with it. 

Am I wrong? Is there anyone out there that is already doing this already?