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.

If you are buying to add lipstick and flip, you'll be showing the value of the lipstick, the labor and materials plus reasonable contractors profits and that will be under different market conditions at that time. 

The C class renovation is simply lipstick on a pig and most of the rental properties I tour fall into this category.

I have made deals with a negative cash flow projection, using bridge debt, but only because there is an untapped $2M - $3M equity that just needs a few months of shuffling paper and adding lipstick.

SFHs were bought for $280k at the steps and flipped for $420k after getting some lipsticks.

If you have a ton of maintenance, then you simply bought a property that had lipstick put on it.  

My profit would have been double had I slapped lipstick on a pig and called the substandard work good enough.

I see a lot of lipstick on a pig.