If it does not make sense, you might need to force appreciation with some DIY remodels or pay a contractor TRIPLE what the real cost would be (joking, but not really).

Make some remodels on the property to force some appreciation, but do not go overboard.

Investor does have ties to construction and remodeling, but doesn't want to do multiple flips a year, maybe 1 or 2.

This one needed a new roof (including framing, flooring throughout, plumbing, both baths remodeled, rewired all the electrical and several additional odds and ends like paint, trim, pointwork, a lid on the septic system etc.

I have remodeled the upstairs completely and replaced all windows, roof, water heaters.

I also will be starting a remodeling and maintenance job this week to get better understanding of the rehab process.

You can use this for bridge funding to do a remodel, an extra reserve fund for Capex, a just in case line of credit, etc.

If you plan to hold this property longterm, you need to figure out how to best allocate your remodel capital so you get the best bang for your buck, ie in rent premium and factor in enough vacancy to turn/rehab the units, ie you might have each unit vacant for 2-3 months depending on the level of rehab.

The wife got emotional saying we were trying to get out of cleaning, and I told them I was not going to fund their remodel or purchase new carpet aside from any damages I have done.

It's part of our standard remodeling.