Analysis Paralysis- Finance Decision Help!?!?

[Caitlin Faulk]

Hello BP members.  I've been reading and learning from all of you for a while now, waiting for an opportunity in my area to jump on.  While sitting  on the sidelines as prices increased by double digit percentages this year, I decided to get my (financial) house in order, so when an opportunity came my way I was ready. Last week I secured my first investment property!!! Due to the nature of the sellers move, I have 8-10 weeks to organize and complete financing on my end. I’m fortunate enough to have a couple different financing options and am open to creative options as well. I’m hoping more experienced minds would give me their opinion on the best mortgage products/acquisition/strategy to implement (heloc,refi,2nd home loan,primary). My current plan is to buy and hold (brrrr after 6 mos if needed). I’ve listed the basic info below. 

Thank you for your guidance! 

1. Property Info
2. FSBO
3. NW Orange County, Florida
4. SFH ‘96, 2,600ft, 4/2.5, pool, 2 barns, 2.5 acres
5. PP-$350,000.00
6. Minimal cosmetic repairs/cleanup $10k
7. ARV- 520,000 (Zillow currently 510,00)
8. PropTaxes- 4,800/yr
9. Prop Ins- 3,000/yr
10. Qualification info (for loan)
    
11. Salary $153k
12. Credit 740
13. Primary residence value $550K (no mortgage)
14. 20k cash (earmarked for property)