TK providers usually lipstick stuff and say renovated.

The 50,000 sounds like lipstick (carpet and paint).

It's more than slapping lipstick on a pig and hoping the NOI boost sticks.But, you've gotta partner with folks who know the ropes.

do you have major repairs to do or just paint and lipstick?

Putting lipstick on a pig.PLEASE listen to the podcast, “The Dream” before giving anyone money.Remember that this is Amway.

Since then I've turned my attention to more turnkey small-MFR properties that may need some lipstick, but I still want to BRRRR at some point in the future.That stars aligning is ideal, but like you said it's an unreasonable expectation. 

You can put lipstick on a pig, but at the end of the day, its still a pigCurious why lower income rentals would feel the correction harder?

Airbnb is trying to put lipstick on a pig here, and it's no accident that this experiment in taking place in a place like Oregon.

I can easily make 30-40K with a "lipstick" job on it.

Looking at the pics, just to put some lipstick on it would take $25,000.