Personally, I would refi at the best terms available at the highest leverage possible IF I thought I could invest with a return that would beat the borrowing expense.

Like any other business, there is somewhat of a grind in starting out, but it is a great form of leverage to acquire assets.

Invariably something always slips through the cracks and you would rather use leveraged money to fix it rather than cash out of pocket.

On the other hand, if you are comfortable in your current situation-maybe the extra risk of being highly leveraged is not worth chasing higher returns.Hope this helps!

The technology is more readily available and would save the average American 200k in energy savings over a 30 year mortgage. 

I'm sure the tenant wants the basement renovated... and the kitchen... and the upstairs bathroom.... newer windows will help with energy costs.... the technology in furnaces is improving and it could make a big difference to replace with new.... on and on.

(try Power Prospecting)Get the DEAL and the TEAM  will materialize.( Controlling real estate with a skinny contract is a powerful leverage tool.)So when you talk to a title company - all they are going to do is quote you a price for settlement based on your contract.

orOption 2:  Collect it with other excess CF, and spend it to reduce the cost (increase CF) of the leveraged money on a future property?

The reason I'm seeking lending is like many investors, I'd rather leverage capital and build relationships with more lenders, so I can do more deals!

It is likely possible to obtain some sort of bank financing if seller financing is not available, however this is deal may not the best use of your financial credit leverage.