After putting $2500.00 in Ernest Money down and being pre approved for a traditional 30 year loan (which I used to run all the numbers) I was advised the residence was not able to be purchased by a traditional loan. 

Unless you are going to 1031, or have enough equity to cash out a chunk with a refi, selling it traditionally will eat a lot of that equity up.

My question: When we refinance through a traditional mortgage lender, can we do a cashout refi right away if the home appraised for more than the purchase price, or does the new mortgage have to season before we can even consider a cashout? 

They however are not a traditional property manager.

A lot of investors throw their properties into LLCs as a way to shield themselves from financial liability and also open the door to non-traditional financing. 

@John Underwood - $0. lol -- At the time, I only had $25K and minimal income (i.e. not enough DTI to get a traditional loan and not enough cash to afford an investment loan).

Avoid massive capital gains tax from a lump sum of cash on a traditional sale.

Looking to find relatively short term financing to complete the renovation before refinancing into a traditional 30 year fixed.

Do: go to a lot of networking events, work/study/learn every single day, commit to the processDon't: Spend a bunch of money on coaching right away, get shiny object syndrome, think 'get rich quick' is realisticGo to meetup.com and find real estate networking events close to you. 

Robert Kiyosaki’s “Rich Dad, Poor Dad” and “The Richest Man in Babylon” and man….