@Ben Leybovich,What you described is more a deal that only the ill-advised would take on: a deal where the numbers don't work or where the person looking at the deal hasn't yet learned how to run the numbers and make sure they work before attempting to move forward.In the case you describe, a "PIG" is a Poor Investment Gamble.As I understood @Leon Chappell's question, a "pig" is more like a home I looked at a couple weeks ago: not updated since the 1970's, pink, green and yellow bathroom tile and fixtures, each color in a separate bathroom or powder room, gas cooktop and oven still using pilot lights - the oven would probably slow-roast a sirloin tip roast in about 12 hours just from the pilot light alone, daylight was visible around the basement door to the backyard, ... that sort of thing.

The bathroom has a pink tub, toilet and sink. 

If you look at red/pink as A, yellow as B, light green as C and dark green as D.  

I am hoping the new renters like pink so I don't have to do a thing to it :)

The off season for the beach was double or longer what I have here in Gatlinburg and would see the lower end rental with the bright pink and orange walls and 90's furniture rent time and time again while the nicer higher end homes would sit.

Hi @Gwyeth Smith.Type in "Investing out of state" in your search bar on Bigger Pockets and you will see an abundance of post in the forums, blogs and people in regards to this subject.

Top of tile on walls is pink so will epoxy paint those bright white. 

Have dinner at Veraci Pizza, maybe some ice cream at Brain Freeze, and then make your way up to the Backyard Bar on Broadway and stroll around for a bit.  

Pink book: To Sales Is Human, I realized that it isn’t about solving the problem anymore but it's about finding it.

If it is a galley consider a breakfast bar on the opposing wall.