How quickly could one refianance out of Hard Money loan ?

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Hey all,

I was wondering if anyone had any experience with refinancing a property as fast as possible after closing. In my area cash buyers are dominating and its hard for my offers to compete. I was thinking of doing cash offers with hard money and refinancing into a conventional mortgage ASAP. I would have enough cash to pay of the rest of the hard money loan even with 30% equity in the property. 

I want to do this strategy for long term rental on multi-family. Im willing to eat a few months of negative cash flow if ti gets me the deal.

tldr: How quickly can one refinance out of hard money lending