Make sure the rehab jobs they're doing aren't just lipstick and that issues are being properly addressed.  

In addition I have found flips often are lipstick so I would rather get the undone house and do the fix myself.

After some lipstick to the units and raising rents, I was able to sell the property at a significant profit after a year and a half and I'm on to the next deal. 

You may wish to consider helping your folks fix up the property and then putting it on the market ( putting lip stick on the pig).

Lots of newbies do best with lipstick flips where you're just doing some simple things like paint, flooring and general aesthetics.

I will be moving in, applying some lipstick, and then renting out the two bedroom unit.A little bit about myself: - I work at Oak Ridge National Laboratory, and I have been learning, searching, and saving money for years with which I finally pulled the trigger and invested in real estate. - My one "key" to success on how I was personally able to invest at 22 years old is.... peanut butter crackers.

When it comes to home buyers it's all about the lipstick.

If you are going to flip a property, it is easier to get a home in a nice neighborhood that needs some lipstick and make some quick money than it is to get a cheaper home in a rougher area.

At the time I had an agent searching for these "lipstick deals".

.$130k asking price, owner will carry with $80k down$10.000 lipstick rehab as units turn over$1200-1400 (rentometer says $1650 but I doubt it) for the 5/2$600 for each of the 1/1'sYou are reading it right...