New purchase- pay cash or finance?

[Elana Greer]

Looking for advise. Considering purchasing a SFR for 165K. It needs about 40K in rehab and would then sell for 270K. Does it make more sense to (option one) pay cash and finance later? Or (option two) to get a loan now with 25% down and refinance later? I am not necessarily going to sell after as it would be a good cash flowing rental but would like to take the equity out. If I take a loan now and then refinance later, I would be paying lender fees twice?? right. But if I pay all cash now and finance in 6 months or so, I'm told by one lender that the rates would be higher and require 30% down.

Any help is appreciated.