You can gradually make cosmetic changes, so a loan for construction isn't really necessary.

There wouldn’t be much structural change, maybe just making the family room a bit bigger by removing a wall, otherwise it would all be cosmetic renovating.

You only do not need permit on direct replacement, cosmetic work in bathrooms.

We purchased cash, did cosmetic updates, and refinanced out.

To get elevated rates on this one, we felt the interior needed a cosmetic face lift.

Recently appraised for 240k, I was able to negotiate to 215k with 30k rehab budget (more on cosmetic issues) .

Get permits for everything except direct replacement cosmetic work.

I'd suggest it is best to do cosmetic changes and sell it.  

Depending on property condition and whether the property is still habitable (renovations are primarily cosmetic), you shouldn't rule out a regular cash out refinance, which may be cheaper than a renovation loan or other non-conventional product. 

Turn key rehab: $8K (cosmetic stuff - carpet, paint, appliances, new fixtures and landscaping)Cash-flow property for 5 or 7 years:Rent rates in this neighborhood are $1,800+, or $2,200 for mid-term, and $2,600 Co-livingExit strategy: Due to the 5 or 7 year appreciation cycle, your property is now worth $400K+ *calculators can do this now!