Be prepared to pivot and make adjustments.

I made adjustments and Recently that has picked up.

When you refinance a property, it's already in service, thus no adjustment to depreciation.Special rules apply to primary residences converted to rentals.You should understand how refinancing a property will limit your ability to write off the interest.

The short term lease though allows you to adjust rents if you feel it's warranted as well. 

For the full bath, I thought it may be 1,500 & @J Scott said between 1800-2000, so I've made that adjustment.

These loans are not governed by Fannie or Freddie...so they might allow more seller concession...but they have higher rates, or they might be adjustable, or maybe even only on a 15 year term....and sometimes all three.  

The advantage was clearly speed and that I was able to jump on a wholesale property that has continued to cash flow great for being our first rental.  

Also, if a property is sold as-is, it is implied that the seller will not make any adjustments based on the condition of the boiler, roof, etc (but you can certainly try!).

Expect to pay a pretty high rate (7% or so), maybe a max of 70%, and it likely be an adjustable rate for that type of a product.  

Do them both to speed it up.