Help Analyzing this deal

[Flavio Espinal]

Hi There,

I buying a property for 75K (appraise value is around 115k) the property basically do not need any repairs. (sellers is just going through financial hardship) and it is currently rent for $1,000 (good tenants no late payments)

I getting the property through a hard money loan 8% annual

Question is:

Should i do a delayed financing and payout the hardmonye loan as soon as possible?

OR

should i just pay interest for 6 months and after the (seasoning) do the cash-out refi for 85K?

hank you ina advances for any advice