I'm interested in a property in Granite Bay, It's not quite priced at Flip price but enough for me as an owner occupant. We're able to get a conventional loan but not for a month or two, so we're hoping to find someone to help us get into the loan and then refinance in a month or two. 

Is it feasible to buy the property w/ Hard-Private Money and then refinance with a conventional Loan? Does it need to be arms length?