It comes down to entirely what the business plan was initially when the deal sponsors were buying the property.

@Ronald Allen Barney  I read this in my initial google search on the topic.

If u do a HELOC pay it back after each flip or if u do a refi just reuse your initial investment.

The initial time and money invested has more than paid me back. 

., that was my initial though as well! 

To give you an idea of the situation, he initially told me that he wanted to rent the whole home to a single family as he does not want to deal with issues of tenants not getting along.

I am concerned about this initial hit impacting my ability to qualify for a mortgage, or qualify for a better rate, and therefore wondering if I should pay off my loans ASAP to allow for recovery.

Once all the work is done, I cash out refi and pay the cards off in full plus my initial investment. 

We add value by finishing up an already started master bedroom addition and master bathroom previous owner initiate.

Initially I became a realtor to become an investor and I got caught into just being a realtor so I’m so ready to get my investments going.