I am working on creating a syndication and I will have the option where investors can extend their investment 5 to 10 years.

All the other criteria, at least based on their pre-screening responses, look passable.

I know there were be slight rate and point differences, but is there anything else that makes one Refi option better than another for Cash Outs?

For commercial courses, I would recommend in this order1 Scott Scheil2 Dave Lindahl 3 Ron LeGrand (not sure if you can even buy this one anymore) Each of these courses cover locating, evaluating, and financing commercial property with creative options. 

How you do it and your level of comfort with the options, is entirely up to the LLC owner. 

Ive been having some analysis paralysis about not knowing what would be the best option for my first ever property.

MTR seems to be a viable option for our situation.

Super rookie here so be gentle...I am exploring the option for a possible rent-to-own situation.

This will supply your base info.  

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.