That means you need to bring another 40k to the table at the refi cause you'll have a bridge loan of 240k to payoff.Now you'll own a 320k house with 80k equity in it making 150 cash/month.You wanna look for better deal spreads. 

You aren't ready based on what you said.NJ is one of the toughest flip market in the country now (Northern) because the prices to buy the dumps is high because inventory is low so the spread is too little for new flippers.

Both of these funds have mentioned this direction to their private investors a lot since Nov 1.For small businesses holding high liquidity, many are spread out amongst the big banks, where would you suggest they $ go? 

Let's talk some more there's a lot we can help you with to narrow in on your next steps.

Multifamily is great for spreading out capital expenditures between mulitple units and living for less out of pocket each month.  

I will Also do take into account the fact the refund window is impossibly short at 3 days for anyone not 75 or older, how you can decide if you are satisfied with a lender inside of 3 days for finding a deal, and doing the appraisal etc is beyond meYes, they are a scam as I tried using them and besides getting locked out of my account constantly, which seems to be from their side of things from how they made it sound, they have rather unrealistic requirement's (Comps that none of the local realtors or other lenders use for one thing i.e too narrow),or the fact they expect total rehabs to be done inside of a month or 2 and then the property should sell instantly after that, they want all of that done in the space of 5 months, even deciding a property is something else entirely, deciding that other homes are businesses (Like a bike shop) even though they are clearly residential SFR or apartments.

See what you're comfortable with and then you just gotta commit to narrowing yourself to 1 or 2 markets or you'll be in decision paralysis forever!

A few years ago there was a greater spread between bank originated construction debt and alt. lender construction debt but there's currently a contraction.

I have narrowed down my search but I believe learning from someone who has done it would be the way to go.  

The Attorney Generals office which was tasked with this, and already had a guidance memo that wholesaling was unlicensed brokering, did not have the resources to pursue the subject.So by requiring that the act requires a license, shifts the burden of enforcement primarily off the AG's office and to the MREC, who has a narrower of focus of protecting the public in matters regarding real estate.