Is this accurate, as I have not encountered anything concerning 12 month seasoning periods, especially for cash purchases.This really hurts my turn-around and portfolio building timeframe if this has become standard (which I have not heard of a 12 month seasoning period during any research nor listening to any podcasts).Thanks!

I'm from the south, and seek to move back south but no timeframe.  

Here is how most work:•Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Make sure your purchase has a strong potential to over come the costs of those to taxes within a short time frame.

Yes, reduced marketing expense, but still the challenge of having a short time frame to wholesale your deals. 

I owe about 60k on the mortgage.Here's my brief 2 cents based on actual experience and #'s.Bottomline to me is what are you goals and does this property meet or is likely to meet those goals within the time frame you desire?

Change the fixtures and vanity (these are relatively inexpensive) to be more modern. 

I feel that with recent prices, people will be pushed out of Lancaster and the high desert and into Cal City to buy a house or rent inexpensively.

@Marco Y.When choosing inexpensive kitchen cabinets for your rental property, prioritize durability, ease of maintenance, and a neutral aesthetic that will appeal to a wide range of tenants.Like @Bruce Woodruff said, I would stay away from IKEA and RTA.Consider open shelving to cut costs. 

Hopefully by the end of that time frame, it will have appreciated enough that we can sell it and use the equity as a down payment on some acreage while still keeping the first house as a rental.Option 2: stay where we are and use the heloc to invest in rental properties out of state like Kansas City, Cleveland, etc.