Lipstick,glue and bull urine.Just kidding but it really depends on what type of rehab and what needs to be done.

I would start with a cosmetic/lip stick flip first.

Put some lipstick on it and you might make it look almost new!

The old lipstick on a pig type of thing.

However, if time and money are constraints do the minimum lipstick and list it.

The only exception is for banks (well known for putting lipstick on a pig), and for attorneys (only when offering a property for sale as part of an estate).  

The Home Inspector report revealed major deficiencies in the rehab and the Home Inspector told me that the rehab was like “putting lipstick on a pig”.

You can put lipstick on a pig... 

surely they will refer you to oneare they investors in that area themselves and are they using the SAME PM (how long)who is managing the rehab, at what level (lipstick ... full rehab)  if he/she says "rent ready" ASK for details and make sure it is in writing.  

Also if one is reading Here PM STR "audited financial report", their actual profit loss statement is negative for all their 2022 properties, even in rural properties it is negative single digit cap rate (bought for 1.5 mil and rent for $400/night with 40% vacancy).I'm not sure what to say but we almost bought a FL condo that required a bit of "lipstick" work that had 20% cap rate, just directed a client to a home in Ohio that had close to 27% cap rate, and as I look for other properties we may personally purchase I come across 20% fairly often. $200,000-$300,000 price range and once all utilities, taxes, insurance, supplies, furnishings, etc are accounted for, you're looking at a 20%+ COC return.