People always think the grass is greener in other cities or states.

Here are some additional details on the property I am looking to do a cash out refinance on:- Single Family Home-Purchased for $71,800, rehab total $18K, ARV ~$120K-Purchased the property in early February and hoping to refinance pulling all my cost (~$90K) back out of the property I have read a handful of other forum posts on this topic and have already reached out to the following banks with no luck: Croghan Mortgage, First National Bank, First Fed Ohio, Park National Bank, First Ohio Home, Aloha Capital, RCD Capital, Freedom Capital Funding, Certain Lending, Albeca, MCNB Bank, Global Integrity.I realize this seasoning requirement will fall out of traditional financing guidelines, but I am hoping a portfolio or commercial loan is possible. 

But that in itself is a risk… especially given that the Fed is trying to drive housing prices down right now.  

With the Fed Funds rate where it is right now and your short time horizon, I think a Money Market at a bank or credit union is your best bet.

Hi Jae, My husband and I did this exact thing through Pen Fed.

Probably the most significant is the ZIRP FED policy.

Pigs get fed and hogs get slaughtered, right?

If you go out west and take a big chuck of grass land to plant tress, well now your destroying 1 eco-system to build a different one, doesn't seem so "green" to me. 

Also I will be mowing the grass. 

Long-term equity will stabilize and grow but in the short term we're going to see a bit of fluctuation because of the interest rate increases the Feds are doing.