BRRR after cash purchase

[Myung Choi]

Just had a cash offer accepted for 3br, 1.5ba home (1671 sq ft) in Rochester, NY (out of state investor). Close in 1 week. First investment property. Awaiting on appraisal to determine property value (after close). I was initially looking to use this home as a LTR for cash flow (COC 8% without property management fee, 4% w/ PM) but now want to BRRR. Third floor attic is finished, so if I added a fire escape I can convert attic to 1 BR (can also add 1 Bath). Just wondering best next steps with regards to using cash versus financing at this point.