BRRRR without the rehab

[Jason Morrison]

is it possible to skip the rehab step?  here is the scenario.

i have a property i can buy for $150,000.  it has a business and 3 apartments that rent for $2k / month total.  all units have been rented for more than 6 months at that level.  following 1% rule, the property should be valued at $200k.  if i could round up $150k in cash, i could buy the property and then immediately refi for 70% of 200k = 140k so i'd only tie up 10k plus fees.  better yet would be to find a way to do that without having to round up the 150k.  are there options to achieve this?