If you go the traditional route you would have to wait 6-12 months for "seasoning" before you could refinance the property and get a traditional mortgage.

Hey BP,Just closed on our first property in Sunny San Diego.Quick run through : Triplex House Hack VA-Owner OccupiedPurchase price: 1,100,000Loan amount : 1,125,000Rate: 3.125%I'm looking into refinancing options projected at 6 months due to seasoning period.Preferably VA-Cash Out Refi at highest LTV %. 

Are there multiple offers because it's the summer selling season and traditionally the market slows down and house prices drop X percent once that's past?

I honestly think that Utah is pretty well insulated and that perhaps we'll have a small, seasonal cooling off period this fall and winter, but because inventory levels are so low, we'll continue to see appreciation in the spring and beyond.

But its also going into the slow season.

The key is to find a seasoned enough management company that can handle a property of this nature...

If someone is reading this and thinking, this is a great way to avoid bank financing, please keep in mind this is really best for seasoned and well balanced investors. 

When you buy another property, the money you spend buying it and fixing it up before its rent ready goes into the basis for that property.I had too much fun with this one last tax season.

While I was out of town, I read a few forum posts from seasoned investors chronicling their daily investing lives.

Some banks requires 12 months seasoning before they will allow you to use new appraised value.