It's true saving for your 1st property will be quicker if you save in cash, in a bank or some secured asset class with no fees.

Is there any other way to have him out quicker?

@Jide Alufa scale quicker with multi-family!

I suppose you can do delayed financing as well if you want to close all cash to make it a quicker transaction. 

With this in mind, should I do a cash out refi on the property in order to buy another property now or should I try to pay it off quicker and add equity, or do nothing at all?

The quicker you buy that first one, the quicker you make money and can move out and repeat by buying the second one.Good luck!

This is a golden moment for sellers, as cash buyers often mean quicker, smoother transactions.With a 6.5% increase in cash transactions from last year, it's evident that cash is king in Palm Beach.

A downdraft stove unless you get a deal is going to be more expensive and something else for the tenant to break, it could be quicker though because you don't have to worry about cosmetics behind a stove. 

The clean up quicker, and they rent out quicker. 

30 year would generate cash flow quicker for sure, but it would obviously take longer to pay off the property.