Refinancing a hard money loan immedietly?

[Hoa Nguyen]

Was curious about the process and possibility of securing a rental via a hard money loan and refinancing out of it within a month. My go-to HM lender has approved to finance a purchase that needs some minimal work, like a month or less worth of work. Is this a common practice or are there rules against doing so? I am not approved to buy outright with a conventional loan, but by going HM first and then refinancing seems like a solid workaround.