Foreclosure with cash- rehab, refinance and rent

[Paul Scott]

I am new to investing and planned to pay cash for a property needing repairs, rehab the property and then refinance to get most of my money back to do it again. I just learned that I would need to own the home for 6 months prior to doing a cash out refinance. I planned to purchase from a wholesaler and figured it would be easiest to pay with cash and refinance after its rehabbed. Does anyone have advice they could give me on this?