Can I use Hard Money on out of state rentals?

[James Ehrig]

Hey BP,

I own a property out of state and am looking to use Hard Money to buy, rehab and hold more properties in the same region.  Ideally, I would like to buy distressed properties, fix them, then refinance out of HM into a conventional Mortgage. I understand there is a zix month seasoning of a loan prior to obtaining a new mortgage. Will this still be the case? Will this strategy be possible?  Will I be able to obtain properties from an auction with this strategy?  Is anyone doing this?