I have money, I want to buy a property, i got rejected for a loan

[Aaron Garbade]

Recently, i found an on market deal that I was very interested in. 5 4-unit buildings, priced well, analyzed great, needed a little work but not enough to be a full on BRRR. I have capital but not quite enough to cash purchase and repair a 20 unit complex. I started the process of getting a pre approval from the lender and contacted a realtor in the area to begin the offer making process. The bank told me NO... the reasoning being that my income was not high enough (i was asking for pre-approval for a 650k commercial loan). Within the past 8 months i closed a 425k deal and that has been profitable (STR) my other properties are cashflowing over $200 a unit and paying for them selves, my monthly expenses are the lowest they have ever been (living with rommates) and I make over 100k a year with my day job and RE. So what gives? how can i tell the bank that the property that i want to buy is already cashflowing? how can tell them that i have reserves that can cover the mortgage if all 20 families decide to move out for 6 months. what am i missing to get this deal off the ground? Naturally this deal is gone but i dont want to miss out on future deals. Most importantly I am moving for the day job in the next 6 months and I desperately want to house hack on a 4 plex. The average cost of a 4 plex in my destination is right around 650k. what can i do?