With a regular, regulated lender neither one is legally possible and wouldn’t meet fed/state banking regulations.The current lender will either give you a discounted pay off, or they won’t.....that is your only solution to refi.The deferred principle makes this sound like a loan Modification done by a major lender.....not sure what a “balloon payoff penalty” is, sounds you are mixing up terminologies.

I've known individuals that had the capital but just didn't have the energy to get into any other investments...BE THE SOLUTION, create your own opportunity. 

If you think a Fannie/Freddie loan is not the right loan for you to get right now then a smaller, local bank close to the property location might be the right solution. 

FHA approach is a solid solution allowing you to grow a portfolio right now with little money down.Issue is it must be owner occupied,however for how long I am uncertain.

What is the solution if i cant get a loan from the bank because my credit score?

Are you still hunting for a solution?   

Hoping I can get solution figured out soon.

You provided 3 good solutions to your problem.

I think of febreeze of being more of a temporary solution (I could be wrong).

It goes against basic principles.That being said, if it were just a stop-gap measure, and not a permanent solution, I would just have to look the other way.