Owner financing or Hard money?

[Victor Valle]

I have this situation:

I am buying a property that I would like to keep as a rental (triplex) and the owners want their money in 2 months, so my options are:

1.-Buying owner financing with 10K down for 1 month, fix it (to raise the appraised value) and then refinance with FHA and 3.5% down (if I live there) or hard money. (FHA will take longer to close)

2.- Buy it with hard money and under my LLC, then refinance FHA under my name or an LLC that I will form.

On the first option I might pay double closing costs, but it will give me the chance to fix it up quickly.

Either way I have to pay her in two months...

Any suggestions, or other options that I don't see?

Thank you!