Any appreciation comes from sweat equity.

You may not see as much appreciation as you potentially would see in say buying a C class multifamily and turning into a B, but that requires time, money, sweat.

AC for welfare tenants is ridicules...let them sweat.

I have no problem working a deal where I get no monetary return, put in my sweat equity.

My suggestion is to sell as soon as you can, and the both of you may have to complete the repairs yourselves - That mean actually and literally doing the work yourselves, or bring in a contractor that eould agree to provide sweat and work equity in return for getting some of the profits once the project sells...

Maybe rehab isn't your thing, but many new investors use sweat equity as a way of increasing their reserves.Would this home benefit from future renovations and how do you feel about them?

You are building a lot of sweat equity this way. 

On the other hand, if you had a friend with experience willing to teach you, if you put in some sweat equity, you could learn by doing at no cost.

It has many areas needing cosmetic upgrades that will build sweat equity into the house.

We contacted our RE agent who proceeded to let us know that the home is Cash only sold as is. to us it was a pretty big bummer, because it seemed promising with some sweat equity and persistance.We were curious if anyone has found a way around thee kind of rules?