Thus, my effort to tighten it up a bit via open discussions and disclosing how we are doing these the right way.Nothing you do to put lipstick on this type of transaction matters if the lender isn't aware and supportive, and no, they aren't going to be supportive of a sub to or wrap.

Lipstick / cosmetics go a long way.Just my 3 cents.

I know, because I completely three lipstick flips in my last year in Greece, working in whatever spare time I had, and my students in my regular job, as an exam coach, thought a lot less of me when they saw calluses grow on my hands.And then the bottom fell out of the Greek economy, and all these unemployed Greek government workers with college degrees who were suddenly fired, well, they had no practical skills to fall back on, so they had to go work in Sweden to swab Swedish crap out of their toilets.

., Given the current housing shortage, this is not surprising.One should probably consider the feasibility of bidding within the parameters you cited, doing a minimal "lipstick on a pig" fix, and holding for rental income.

I could right away tell they had slapped lipstick on it and like Jon Klaus guessed this is definitely a black hole and cannot afford right now.

They couldn’t be turned over with lipstick.

Aside from my hesitation of putting videos of myself out into the world I think it will be a lot of fun and show people that rehabs aren't just about putting lipstick on a pig type solutions...Thanks @Mike Moles 

I won't put lipstick on a pig just to get it back on the market. 

Lipstick on a pig = MLSA full makeover with pedicure and manicure = wholesale itEither way, I wouldn't concern myself with the amount of title transfers as I'd be out of the picture by that point anyways, moved onto the next deal.

One of my buildings in lakewood has wood shingle siding and it looks like a pig with lipstick.