Id throw in focus on making one bridge good before building the second.

If  you're seeking a bridge loan (12-24 month) financing then experience flipping or holding investment property is necessary but not exactly what we consider for a DSRC (perm financing cash-out/ 30 yr 1-4 unit) loan.

One of the biggest drivers of fear or one of the main reasons we'll see some distressed assets coming to the markets in the next year (especially in the MF asset class) is the maturation of bridge loans taken in 2019, 2020 and 2021.

The acquisition would probably be funded with a bridge loan at max 75% LTV..

This gives them the advantage of getting out of bridge/hard money quicker than someone who has to wait till the rehab is completed before they refinance.

@David WasiloskiA little vague with the question, but here's a stab at it.If you are looking for short term financing, then expect 8-12% and 1-2 year terms with interest only payments.If you are looking for mid-term financing, you might be able to get 7-12%, 3,5,10, or 15 yr term, likely with a balloon, maybe two.If you are looking for long term financing, expect 10-12%, 30 year terms with fixed rate, fully amortized.If you are looking to add rehab to the project, things change a little, but the 8-12% for a bridge is still likely.All comes down to what type of loan you are really looking for and what your circumstances are.Hope this helps some.Cheers!

Don't jump off the bridge.

Here is the idea i have: Have the property appraised and hopefully it'd be higher, have a bridge loan to purchase it at $350k with "cash" then refi for the higher appraised amount.

Some are financed using bridge loans, some have low fixed-rate debt. 

Bridge loan for the double closing.