If it makes sense to sell I'd hold it for a year and then sell it and use the money for a 1031 exchange.

Beyond what you had mentioned is there any other reason you could think of that it might not make more sense to refinance?

Thanks for the advice, this makes sense.

But for instance, lets say it was a single family and the highest and best use was a triplex, then I would lean towards that, just as long as the numbers and the end financing made sense. 

I understand that the job for a wholesaler is to make sure numbers make sense.

I've found a few places that meet my buy box in the East Bay, and it only makes sense to have a buying agent before going further.

@Nghi LeMakes sense.

Would it make sense for me to buy the house now with traditional financing, but pay extra to the mortgage equivalent to what I would be paying to rent an apartment while I am here and then refinance so the property will cash flow when I rent it out after I leave?

Option B, the market gets saturated with this type of inventory and the locals that have been building cash for 3-5 years will be able to scoop up houses at numbers that makes sense again.  

The numbers currently make sense but we are concerned with the potential Health risks as well as how this could effect us being able to rent the units in the future or selling  the property a few years down the road.