I call that lipstick on a pig.  

Not quick lipstick deals and important to study and co-create your SOW.

Maybe some other smaller cities Red Deer ex...I see many 60-100k homes, smaller sqft, older, need lipstick and maybe 10k in new cabinets etc.For those of you who know the area, do you suggest spend the extra money and get a turn key 200k unit, or gamble on the lower end, dump in 20k, and rent it out.Regina seems to have a very small availability of homes for rent, only condos.

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.

you can get lipstick type rehabs... and get properties for under 200k that rent 1300 to 1400 in some cases... the value play in PDX right now is buy fix and retail

Plus, you're saying that they would be in the same boat as the original seller, but a little lipstick on a property can work wonders.

Best option is a James suggests, wait till it is vacant, put lipstick on the pig and sell to a starry eyed home owner.