Total lipstick on a pig.

Putting lipstick on a pig usually doesn't work to well.

Using passive losses to offset ordinary income is lipstick often used to fancy up crummy deals.

So you can try to dress it up and put as much lipstick on this SRP pig as you want, but it's still a pig and everyone in the industry knows this to be true.

I don't know how to run the numbers backwards as the plan was to buy the pig, put lipstick on it and rent it out for 15 years.

"lipstick only"), I would want to pay less than about $50K.

If you buy for $150 and spent $5K on lipstick, you've just given up $22K of your $38K profit, leaving only about $16K.

I'm a numbers guy and don't know what numbers to look for in non turnkey projects :-/ (I can put lipstick on anything but that's about it).Mark Ferguson - Greeley seems to be the most appealing.

There was dirty clothes everywhere, a phone number written with shaving cream and lipstick on the mirror, nothing had been cleaned since he moved in, dirty dishes everywhere...you get the picture.

If the property need $10k worth of repairs that's lipstick flip.