Should I do this ?

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PLAN: I need 20% down to get an investment property, right? But, what if I get an FHA loan with 3% down ( lets say it's 3k down ) but, I cant rent it yet, and I have no money to cover the payments ( lets say its 1000/mo ), after 1 yr, I will be able to rent it, so, I borrow 12k from Other people's money, and I pay the mortage payment for 12months, after 12 months I refinance the property and I get 12k back and I pay off my debt, then, I rent out the property!