Requirements for brrrr refinance

[Dustin Pavlik]

Looking at buying a SFR for approx. 30-40k. Only needs 15k in renovations. Let's say I'm all in for 50k and the property should rent for $850. ARV would be roughly 95k.

What are the requirements for refinancing? Are they the same for buying a home? I am self employed so it's usually difficult dealing with banks as it is. I would like to put the property in my LLC. To me it seems that if there's enough equity and expenses are covered well enough by the rent then there shouldn't be any Issue refinancing? What has everyone else experienced with this?