Short Sale hold restriction

[Lucas Rowell]

Hello and Happy 2020 Bigger pocket family!!

I have a property under contract to purchase that is a short sale, and looking at several more. My question is the "90 day rule" before resale is that universal on short sale approvals or is this negotiable? We are generally in rehab 3-4 Weeks and only on market 2-3 weeks tops so 90 days to wait to resale seems quite daunting. 

I talked to title and they said it is not a problem, we can close and then flip however our hard money guy seems a bit concerned we may close and get stuck with 90 days (good for him and interest if it is true bad for us)

Due to the FHA restriction we just market to VA & conventional loan buyers. We just want to see if flipping short sales is going to be another viable strategy we can add to our arsenal or if we are required to hold any short sale 90 days regardless of the loan type.

Thank you for any light you are able to shed on the matter. : )

Cheers to 2020!!!

Respectfully,

Lucas