Over the last (3) years I have seen some extreme cases of expedited equity where an investor buys an older home or "Ugly Inventory" and then bats clean up on the ARV in 12 months.To give you an example I helped an investor refinance her home in 2023 pull cash out to buy a $65K home all cash.

Then refinance it in 12 -24 months to take cash out and convert to a full time investment.The other property I would find a Duplex or 3-4 unit in or around Crystal River and set it up as a STR. 

@Raj Vardhan - we can Refinance your equity out as soon as the property is deemed "tenant ready". 

I have funds tied up in other projects at the moment but my inbox is FULL of solid deals.We are familiar with some companies that do this.Som will only do first position loans so in many instances you need to refinance out through them and it can get expensive if you ahve a low interest rate.

-"light value add" won't cut it if you want to refinance and get most of your outlay back out. 

The BRRRR calculator may help you understand this better as the results are shown in three different phases - rehab, post rehab and then post refinance.

I have been able to do this for both purchases and cash-out refinances on multiple deals for clients of mine.Typically your max loan-to-value will be 75-80% LTV, but this specialized program will limit you to 10% LTV/LTC less than what you can traditionally do.

Stabilize the property, wait a year or two for some appreciation, and then refinance - pull that equity out, and then do it again.

A key consideration here is the refinance process.

Say, 3 month later, I decide to do a cash out refinance of the replacement property at 75% LTV because the rate is lower.