Given that info, I would think it makes most sense to quickly do a delayed financing to recoup most of the initial investment, or if I am wanting to get back some of the renovations and such, I should wait the 6 months and do a DSCR cashout. 

You can refinance into more traditional loans later, but that initial speed matters.

Keep in mind that any initial rehab costs are on you until you get your first draw.If you can get work done quickly, some lenders I’ve worked with can inspect the property the next day and wire funds the same or the following day.

And we rarely need to use them.Tenants sign and initial each page of the condition report at signing, we quickly go through the property and let them take as long as they want.Ideally at move out they would sign the condition report, but this is nor normally done. 

The current use of the property as a two-family dwelling significantly impacts its value and marketability, which is distinct from single-family homes.The initial appraisal comparing your property to single-family homes is likely an oversight, as multifamily properties are evaluated differently due to factors like rental income potential and investor interest.

This is assuming that you're not even talking to the listing agent initially (skipping them) and going directly to the owner as the buyer.Thoughts?

BUT (It hurts to write this)It’s great that you’re taking the initiative to shop around for the best rates—this is a smart move when making such a significant investment.

I like multi family because it should generate cash flow as well as appreciation.

They were initially hesitant about Linda Vista but ended up loving the location’s convenience and rental potential.

The market we are in currently is ideal for such but we need the initial capital and assets (rehabbed) to begin execution on the model.