I recently got my kitchen upgraded by excellent contractors in Waco, TX.

(we are past inspection & appraisal - just waiting on loan to close)- There wont be any photos of updated carpet, kitchen cabinets and countertops- I can't show the property in person considering I dont have the keys to proeprty yet- Would be gathering leads for people of who are intersted in hopes of getting it rented out faster If I post the property now, I could probably have a tenant lined up to move in August 1st.

The house will need new interior everything - plumbing, electrical, kitchen, bathroom, walls, etc. 

The home has had many renovations done as far as flooring and kitchen, but the Main Bedroom and Bathroom is unfinished and the home is in Foreclosure.

Idk what a lipstick renovation is, but I'm gutting both bathrooms and the kitchen.

The kitchen--don't get me started.

Essentially, we want an extra room with a bathroom and a small kitchen primarily for our own use and for extended family to use.

When we moved in we were using the down stairs units kitchen and bathroom and living upstairs because the appliances upstairs weren’t really usable and the shower had cracks. 

.#1 do you trust your agent, and is your agent a full time  real estate professional.

Foreclosures, short sales, and off-market deals can provide these opportunities.Target up-and-coming neighborhoods with increasing home values rather than already hot areas.Research comparable recent sales and get an inspection to accurately estimate the after-repair value (ARV) before making an offer.Follow the 70% rule - the purchase price plus renovations should not exceed 70% of the ARV to leave room for profits after selling costs.Focus renovations on maximizing returns - kitchens, bathrooms, curb appeal rather than over-improving.Hire experienced contractors and have a project manager oversee work to keep things on schedule.Price the renovated home at or just slightly below comparable recent sales to facilitate a quick sale.