I then calculate my All-in cost basis (Purchase price, Rehab costs, Holding and Closing costs) using the LTV ratio the lender provides.If it still looks good after the analysis I will visit the property to get an idea of the condition (taking pictures).  

Basically If I get a short term loan in order to pay for a property and then a year later go to the bank to get the refinance to pay back the loan... what if the market declines or for some other reason I can no longer get a refinance to cover the loan.Is that just when I throw my hands up and say "well, time to file for bankruptcy" or are there other options?

That's alright Wesley, it's taking me a bit to type this out on a smartphone haha.A good book that would cover everything you're trying to do is Brandon Turner's book on How to Invest in Real Estate with No and Low Money Down.

I've been trying to research raw land loans and from the (granted few) banks I've spoken to, they will not loan on raw land-they recommend getting a personal loan out at a ridiculous rate 10-15% interest (they didn't run my credit, it was just an estimate for a personal loan, but I have very good credit-around 760 I believe), to cover the land and then refinance to a construction loan once there is a well and septic as I understand...So was wondering what other options I had as far as financing and what others have used?  

As an experiment, you could put pictures up of one of your properties with or without a pool/hot tub and see if there is a significant difference in inquiries (just make sure to have instant book off!)

Should have some pictures later once I can post from my desk.

My point is: don't stress about 2% - look at the bigger picture and see if this is the right return on investment to suit you. 

We raise enough money to have safety nets and have money in our accounts to cover the unexpected.

Most buyers will first see your home as a picture on a computer screen, if it does not really pop, they will not bother seeing it in person!

When I place and ad on Craigslist I ask that they reply first with a portfolio of before and after pictures and 3 references In which I can call and or in person meet and see the work that have been done.