SFR Cash out finance questions

[Nathan James Flesher]

Your goals and story: Hey ya'll I'm a first time investor with a recent acquisition of a SFR. I'd like to perform some BRRRR style cash purchases rinsing and repeating with a starting investment of $100k. I'm 33 so I have a long time horizon for the rentals but would also like to maximize ARVs for short term profit as well.

Type of property: Single family home

Location of property: Macon, GA

Purpose of financing: cashout to roll into the next acquisition and profit on the ARV if possible

Type of financing sought: Not sure

Current or prior ownership of real estate: First property.  Bought April from another investor already renovated.

Occupancy: investment with traditional long term leases

Value of property at present and/or your offer price: Paid $84,000

After repair value: $115k-130k

Anticipated or actual appraisal issues: yes, not many comps nearby that have been renovated. Also I bought it from a group who buys it distressed, does the rehab for me, and sells it to me at 75% of the expected ARV. So technically the reno was performed before my $84k purchase so I don't have documentation to show an appraiser of why it is worth more than what I paid.

Current rents per month: $1150

Fair market rents per month: $1000

Down payment or equity: paid cash

Source of down payment funds, if applicable: own funds

Income Source: Salaried/hourly W2

Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $

FICO: Excellent

Credit issues: none

Additional details: I was notified on Friday by Guaranteed Rate (BP advertiser) that FNMA just announced suspension of 2nd homes and investment homes.  They locked in for me an expensive loan $7k fees at 3.625% 30YRF to only pull out my $84k but of course this wouldn't achieve any profit from the value add.  Should I wait the 6 months typical seasoning to get an appraisal and hopefully do a better cash out?  What can we predict about the lending environment 4 months from now with some time for the lending environment to adjust to this news from FNMA?  I don't need the cash on hand right now technically but just want to make the best long term decision.  Looking forward to ya'lls insight!