Those tax breaks are often used to slap some lipstick on a pig of an investment.

It only needs a little lipstick repair; paint and carpeting or refurbish the original hardwood that's in there MAYBE 5k and ready to rent.

The home has some wood rotting on the rear of the home (perhaps termites) but otherwise well kept and should be a lipstick rehab for a buy and hold.

After the listing appointment and signing the papers I sat in my truck and thought to myself, all this needs is a little lipstick, why can't I do it?

Which I kind doubt, actually.If what you are training people in your courses is how to slap some lipstick on a pig and sell it to newbie investors on the basis of made-up numbers, you're certainly not doing the world any favors.

I'm kinda burned out on them and have been trying to skip between them and what I call lipstick houses like estates or something. 

Well - I guess when what you have is a pig, you'd better put some lipstick on it...hahahaBuddy, this was too easy...hahaha  Good Luck, Brandon!

I also suggest you get a written authorization to enter the property to inspect it, under the circumstances this letter should be notarized so that any cop won't have as many questions.It could be a flip with cleaning and lipstick, but not likely at what you think market is or what it was listed for because it didn't sell, obviously it was not priced to sell.You can't know until you see it and verify the mortgage payoff.

While these are real, I think they're far more frequently used to put lipstick on a piggy rental.  

I don't care if you are in Indi, Toledo, Chicago, Dayton, Cleveland, Cinci, Columbus, Detroit, Louisville, etc  Same pigs with the same lipstick that only idiots get caught-up in...This is blunt, Jay, but true :)