However, sweat equity and BRRRR, yes you can find it.I grew up in Northeast Ohio near Cleveland... now I live and invest in Detroit. 

Borrowers are not allowed to complete any of the work themselves as sweat equity.Loan to Value Calculations:The original principal amount of the mortgage may not exceed Fannie Mae’s maximum allowable mortgage amount for a conventional first mortgage.Purchase: For a purchase money transaction, the LTV is determined by dividing the loan amount by the lesser of the “as completed” appraised value of the property or the sum of the purchase price of the property and the total rehabilitation costs.Refinance Transactions: For a refinance transaction, the LTV is determined by dividing the original loan amount by the “as completed” appraised value of the property.Eligible Renovation:There are no required improvements or restrictions on the types of repairs allowed.

I wouldn't sweat it.

Sweat equity.

I'm not going to say that I shouldn't have done the deal...I learned a lot..but the cash outlay, sweat equity put in & opportunity cost vs. the return was not worth it. 

Acquire with a FHA loan for a property that needs some sweat equity. 

However no sweat equity can be pulled out through either product.

(kiavi may be able to help there)d) Partner in on a deal- You work with someone who is reliable and trustwrothy who knows the business and join them in on a deal and bring the money to the table to get an % return and mitigate risk or an Equity stake and take on addtitional sweat equity but with someone who is willing to work with you and help teach you development, flips or buy and holds. 

**Sweat Equity**: The value added to a property through the owner's time, effort, and labor rather than financial investment.24.

at about the 4:10 mark he discusses sweat equity.Great information for joint venturing.