Low loan amount refinance

[Joseph H.]

I am looking at a property that is being sold for $34,900 and it needs around $6,000 in rehab. T estimates ARV for $50,000, but where it makes up for a low value is in renting. It has a 48% cash flow every month. Can I refinance a loan that small? I am newer to real estate and have talked to hard money lenders whose lowest number they can do is $50,000, and I have heard conventional banks have a minimum limit they can do. What are your thoughts?