In the end, it's more about th e look and market you are going for.

It is very competitive to find deals here, but you're starting with a big advantage in being able to execute well on the construction.

When exiting through the borrower with a 1st lien, many of these skills and strategies still apply.The real answer to your question really is that you're not going to have a more predictable purchase or exit process until you have data in place from previous trades, this can only come over time through experience.

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Once I've  acquired the property and it has been 6 months to a year, can I execute a cash out refi?

Other than that, I would echo comments that others have made and add, make sure you have an executable plan mapped out. 

Anybody gone to Online Trading Academy Real Estate  www. otarealestate.com they are offering free trial course if you attend is worth attending.

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Additionally I create a significant amount of equity right away by rehabbing, which I'll then leverage by trading the property off, refi'ing or selling.

Originally posted by @Carlette E.