Hello I'm curious if this strategy is theoretically possible to expand super fast wealth as below:For example, I buy a rental property for $70,000 in cash and then immediately did a cash-out refinance to get $56,000 in cash (I know usually it takes 3-6 months season to cashout refi, but as long as one lender is able to do refinance it) I then use $24,000 of the $56,000 I borrow as a 20% down payment to buy a $120,000 rental property.

That full loan approval has been crucial, and everyone will call it something different (TBD Approval, fast pass, etc.) but having a fully approved loan (credit, income, assets, liabilities) means you are just needing an appraisal and title work (if you don't get an appraisal waiver). 

Whether it's starting something new project or flipping houses, I'm interested.Flipping has its pros and cons, it seems like a fast way to make money.

The need to act fast to address lease violations and knowing how to safely evict when needed.A property manager isnt a MUST HAVE but it surely helps to scale your investment business if thats the goal. 

Hi Michael,I would recommend Out Fast Realty & Investments

It's a more expensive entry than the Vegas area but will likely not appreciate as fast. 

Fast forward to today, I see the federal funds rate at 5.33% while the 30 Fixed Rate Mortgages are just above 7%, which is more in line with that funds rate +2% general rule of thumb.Can anyone explain the main reasons for such large discrepancies, like in April 2022?

As soon as you go into nicer neighborhoods people are smart enough to not get themselves in a situation where they get super motivated to sell their house fast for cash and also smart enough to bring it on market instead of doing a back door deal with a wholesaler.

how fast are they on evictions? 

It's an extremely fast read.