DSCR vs Cash Out Refi

[Allan Yeung]

For BRRR, after a property is renovated, they can approach a lender to do a cash out refi. Does the lender evaluate based on ARV? or Purchase Price + Repair cost only? Also is there any restriction like time period (at least x months after initiate purchase)? Would this be considered as DSCR product? Any help is appreciated.