BRRRR question - refinancing after 4 mortgages?

[Charles Moore]

Hi, all. So I'm looking at a future BRRRR project at which time I will already have 4-5 other mortgages. I'm seeing mention on BP that cash-out refinances for BRRRRs after 4 mortgages have to go through delayed financing, which allows refinancing up to the original purchase price and closing costs, but no mention of covering rehab costs. Am I understanding this right? What else would I need to know about this in that situation?