This means looking for a lip stick project that can be completed and resold in 6 months or lessThe formula in a perfect worldFix and Flip a home- Make $25K to $50K (Yes you'll pay short term capital gain tax); Repeat the process 3 times; Now you'll have an additional $75K to $150K added to your $80K of savings.

NO local would buy it.for 40k or there abouts.now turn key indicates full rehab.full rehab he said is 9k  well that's bunk we know that so he is just getting lip stick on a pig.turn key company Morris I can pretty much definitively tell you wants to make at least 10k on the transaction . this is average for turn key . ( Note I fund turn key in 12 markets so I know and have been doing it for 20 years)so now we are down to 30k minus the measly 9k  that 21k for the asset.. and I suspect they bought it for less and there are wholesaler layers of profit in their as well as these areas are really dominated by wholesalers... so this asset was bought for 5 to maybe 10k from the owner.. now tell me what neighborhood in Indy were you can buy 10k houses ?????????  

This deal that you mentioned sounds at first blush that it's dead in the water because of the large deposit.

You do not need lists.Read my lips. 

You need to have a stiffer upper lip my friend.I think you are missing the point, my friend.

The saying in the business is (it's a bit jaded I admit) "see the tenant's lips moving, see the tenant lying."

@Andreas Mirza @Bobby Sharma All kidding aside, investors don't realize that some of the small suburbs surrounding Chicago have building and transfer restrictions that would make Chicago blush.

I "harden" them by polyurethaning the raw edges on miters, and the underneath lip along the counter especially by the sink and dishwasher, and the sink cut out.

We have to bite our lip and cooperate. 

Lip stick on a pig is cutting corners and doing bad work.