You just have to make sure that your property is rented and meets the 1.2 debt service coverage ratio with the rental income it brings before you apply for the refi.I am assuming you are planning to buy with your own cash or some form of short term private financing.

My short-term goal is to get into flipping.

(Wholesaling, Lease Options, Subject To, Short Sales, Loan Mods, Wrap Around, Owner Financing, etc.) 

Hey @Theodore Bullock short answer is no.  

If you find something that fits your criteria make a very strong offer price wise and make a short inspection period to make the offer more enticing to the seller.  

You would need short term financing for the build or the builder will have to for the entire bill until he gets the certificate of occupancy, at which time you could apply for financing.

It cashflows well as a seasonal and short term rental.

Late on a Sunday evening I saw a short sale pop up on Redfin of a house with no pictures in Palos Verdes Estates.  

We don't specify who pays the deposit or who pays the rent - if anything comes up short, everyone gets the boot.

Long story short...the person whose name was on the title was not cooperative and we have since had to take legal measures to do a quiet title action that wont be completed until mid August.