Check out local areas and homes, meet with pros, and look into financing like regular loans or FHA loans.

I just looked online and they have plenty at Lowes.

Is there any conventional residential loan options anyone is aware of that would allow cash out refi with less than 12 mths seasoning?

If they used a loan for a primary residence, there may be some ability to enforce something but that really doesn't impact your decision. d) There is no effect on capital gains since they didn't use it as their primary residence for 2 years.

So I had been looking at a DSCR loan on other properties but they wanted 1 year of income before they loan…My thought was perhaps I can lease back out to the current owners, then refinance to get my cash out.

I can tell you that a BRAND NEW duplex that is being built is being bought by majority of FHA loans; however I still think a investor can make a return since this market will cause a slow down in buying soon basing this off if interest rates go up!

Got an odd question and believe I know the answer but am looking to confirm.If I bought a property with seller financing, when the note is created the bank would still see the loan under the title correct? 

Though you are looking at a spec home so already built and I'd be surprised if the builder is offering you a 30 year amortized loan at 5.99%. 

If you're going to live in it you could look at Fannie Mae propeerties that will get approved for an FHA loan with 3% down.

Investment Info:Single-family residence hard money loan investment.