Interest rate on the 15 year would be lower, than the weighted average of the current three loans, but really not much difference in interest paid since the term is so short.Thanks for the advice.  

Remember, you can always pay it back faster. 

I can tomorrow, but figured since it's Sunday, I'd ask here to see if I could get a faster response.

Therefore I need to get into those units and renovate to earn those premium rents and the faster I can execute my business plan and double the NOI of this asset the faster I can force the appreciation of this property and increase the valuation and complete a cash-out refinance and get my capital back ( 70k down payment and 80k of repairs) which will then allow me to re-deploy into a larger multi-family asset.Apt#2 will be complete on 1/15 and i have that already pre-rented to an existing tenant and when they move I will start renovations on their old apartment.

This strategy would allow you to reduce or eliminate your housing cost, and you can save faster. 

We filed for an exemption but filed the last week of June & with the average wait time of 6-8 weeks/current delays with the IRS - I was informed by them to e-file online & possibly get the transcript faster with a CPA who has e-file access. 

Nevada may be a bit cheaper than the bigger markets of TX, but I would venture to say TX will appreciate faster.

If you're a first-time home buyer, there's nothing that will get you started faster than buying a triplex or 4plex with 5% down and fixing up the worst unit while you live in it, then rent it out and move into the next worst unit and fix it up, and so on.

In my experience contracts for purchase of auction property are heavily weighted in the seller's favor so having an attorney review it would be a good idea though the seller may not be open to many changes. 

Yes, you can certainly do things faster than 5 months with experience, but as this is your first one, I wouldnt rush it.