After a the last extension on a deal of mine that was to close in less than a month; I decided to no longer offer 3 week closings and shoot for the traditional 30 to 45 closing first off.  

I am a bit older ( I am turning 45 this year)  than a traditional "newbie" investor. 

Despite having been told that all the vacancies are in "rent ready" condition, upon inspection I found that the amount of capital that will be required to actually get them rent ready will average around $1500/unit (x46 vacant units = ~$69k in required capital expense for initial lease-up).Because the low rate of seasoned occupancy will limit our financing options (particularly with banks and traditional lenders) we're considering the lease-option path; gain control of the property, lease it up, add value, get a loan, and exercise our option. 

Have you looked into traditional financing? 

Your day-to-day personal expenses are covered; you're free from credit card debt and other personal / consumer debts; you're saving in traditional retirement accounts, like a workplace 401k, up to your full employer match; you have a comfortable emergency fund.I'm assuming the real estate market, at this time, is "normal" (like 2014 or 2015).

They have traditional lending standards, but are investor friendly-ish.

(Could order online from them as well)  Here's one I'm installing in a unit now (chose stainless, though if you go with Chrome no one WILL even come close to touching that price Moen Traditional )Best of luck.

I have a four plex with a balloon loan that is soon to be due and I have the option to do another balloon loan but I am thinking about refinancing all of my properties together.I am looking to get away from traditional personal mortgages (which my two duplexes are on) and also cash refi my SFH that is owned outright and get them under one loan under my LLC. 

We are working to setup our first couple lease option properties and see how we like this strategy - on paper, it looks much better than traditional rental properties/tenants. 

Traditional financing would be 20 to 25% down.