REFI my flip

[Caleb Mclamb]

Hello BP! 

I am planning my first flip and am searching my exit strategies. If I buy a house for all cash, and then for some reason it will not sell then what are my chances of being able to cash out refi assuming I am trying to turn it into a rental property and assuming the flip is complete and its now truly a 120k 3/2 home? 

It seems to me a 3/2 would have a hard enough time cash flowing but is getting the cash out refi even a option? Just trying to figure out a plan B

Thank you for any advice!