What I've done, however, is reduced substantially the ability of knuckleheads to sue me personally through the LLC. 

If market rent did not increase with the increase in the property's appreciation then a refinance may reduce your cash flow and, by association, your cash on cash return.In this scenario, it may be prudent to sell the property to extract the tied up 173K in equity and accept that you've made 273% profit on your original 46K down payment.  

Find out which expenses can be cut or reduced, then pay off those credit cards one by one pay off the one with the smallest balance first and so on until all of them are paid off.

I grew up around housing as my dad is a general contractor turned energy auditor, my mom worked in low-income housing, and my uncles and grandfather are developers and landlords as well.

Seems like you already offered to do whatever you can to reduce noise - I'd let them fight it out. 

Buy the mortgage at discount and reduce the payments.

My background is actually as an ARchitect for over 35 years specializing in Energy Efficiency.  

But I do have a 9-5.What I'm asking is, if wholesaling requires so much time and effort to become successful (i.e. make enough profit to use for down payments for property), wouldn't I would wind up putting all my spare time (outside of my 9-5, which is actually more of a 5-5) and energy into wholesaling, when what I really want to do is buy-and-hold? 

I never had these kind of neighbors before in my life good people, any way he started to rehab it couldn't finish he is a older gentlemen(62) the grass is almost 4ft tall he told me there is new raptors,electrical and plumbing.He just doesn't have the time and energy to continue and he is sorry that his neighbors has to see the house Like that(motivation) my main concern is and what I'm working on now is the NUMBERS.

I have 2 other properties with fixed 30 year debt on them and both producing good cash flow.My Question: In a nutshell option 2 allows me to put less down, increase cash flow, and reduce interest rate risk.