Does this affect a cash-out refinance or pulling out equity in the form of a HELOC/equity loan?

If the intent is to flip it, there are two ways people buy houses 1. with borrowed money 2. with their own cash.

Every market is different, but for the long term assumptions.

Long story short: conventus has turned over servicing to shellpoint.

@Noah Bacon Investors should be aware that, in many states, an investor can not act as Owner/Builder on a property that is not their primary residence.But as far as what Investors tend to screw up, the list is long and painful: Structural - Awful framing, undersized headers and beams (or none, Lol)Electrical - Don't even get me started......Plumbing - Not as bad as electrical but still....leave it to the Pros.And the main thing that people screw up is, believe it or not, painting.

I currently manage a highly successful short-term rental arbitrage in Houston, boasting over 170 reservations in the last three years.

So if you need advise or to talk about how to potentially obtain cash let me know.

(FYI- I don't have a ton of cash laying around and will be getting a loan on this.)Thanks to everyone who chimes in. 

And then using the net cash to go wherever they want every year on vacation. 

I find that converting the property into a duplex is a lengthy and costly process, and I want to start renting it legally without going through a long process, because I've spent for rehabs and don't want to put in more for now.