This loan would use Loan-To-Value against the newly renovated appraisal ARV and then you get most/all of the money you invested back to spend on the next project.

It appraised for $179,000.

I always suggest you make sure with the county tax assessor and tax appraisal district that you have a good mailing address on file with them. 

You can also hire an appraiser to independently evaluate what the property is worth for a fee, usually several hundred dollars.  

Appraised for $190k, so pulled out $152k at 3.75% for 15yr fixed, to pay off all owed and put $25k back in my pocket tax free.

Purchase price: $45,000 Cash invested: $26,772 I purchased this property as my first BRRRR using all cash for the project.Purchase Price: $45k (may 2020)Rehab Costs: $27k (did most of the work myself to learn and keep costs down)Appraised Value: $120k (november 2020)Refinance Loan: $90kCash Invested: ($18,000)This property is now completely fixed up and should yield very low maintenance expenses for the first couple of years.

$120k appraised value with about $72k invested.

Do I wait until it is rented to get it appraised and refinance it like the BRRRR method? 

I'd prefer it as a vacation rentalMonthly holding costs would be high (taxes are nuts in NH) Would easily appraise over construction price based on area and current marketIdeally would hold for 2-3 yearsNot sure how I should be looking at this.

It was originally listed for $425,000 but along with a lower appraised value and some negotiation, I got the purchase price down to $385,000.