If you are purchasing the property in a distressed condition the issue of seasoning should not be an impediment to a cash out, or bridge to permanent transaction. 

The first four family found on the MLS in distress, and acted FAST.

The first four family found on the MLS in distress, and acted FAST.

So if you buy distressed and build in some additional equity via the rehab you can cash out when securing the long term debt. 

We have a lot of expenses since we buy our properties distressed and put a lot of sweat equity in them.

I'm seeking out distressed property on Long Island that could use some rehab.

Here's a quick summary of the situation: I'm interested in putting in an offer on a duplex in distress listed at around 250k.

The best deals are the distressed properties

Quote from @Daniel Bergless: Hey Hadar,Im a local agent here in Pittsburgh, and the firm that I work with focuses on distressed properties for investors, and from the numbers we have seen most of the opportunities we sell are typically 75% of the local ARV minus any repairs.

@Benton Williamsslightly different take.  1. the best fixers are severely distressed, and may even be unlivable.