Even if a turn key guy slaps some lipstick on it and tells you otherwise...Be smarter than that folks!

Rehabbers like to take shortcuts so you want to make sure they didn't just put a lipstick on a pig.LA market is very specific.

Basically turnkey, maybe some minor lipstick required to bring it up to 2022 standards.

Finding cash flow deals is getting increasingly more difficult with climbing rates.Depending on what your property would appraise for now, following your lipstick renovations and equity from landing a discounted buy, it might be worth looking into doing a BRRRR (Buy, Rehab, Rent, Refinance, Repeat).In executing a BRRRR, you'd do a cash-out refinance to recapitalize/remove the majority, if not all of your initial investment of $27,000.

Unless you're doing a cheapy lipstick on a pig or something, I'd probably remove them.

Probably should have just done a quick lipstick flip though, ~$90k full remodel may have been overkill.

My recommendation - the first flip should be a lipstick project. 

In many markets these days, it seems risky to buy a property and just put some lipstick on it and hope to sell for a significant profit.

Lipstick (paint and floors) --- sqft x 5-10 = rehab cost2.

We are prepared to purchase it as is and we have already had our contractor (whom we trust very much) walk through the property and determine it is likely a lipstick rehab.