From single family to multifamily

[Walker Irby]

Hello, I'm looking for a little bit of insight. I currently have 3 rentals. 2- townhouses and 1- 4 bedroom SFH. the equity on the 4 bedroom is around 150-160k. and the townhouses are around 55k together. my question is. How are people getting into these 500k+ multifamily deals? especially without being able to increase w2 income very fast? if I cash out refi, I'm wondering how much w2 income does the lender want to see?. would they potentially approve it for some making 60-65k a year? or do I just need to save more, increase my income and wait for the markets to cool down. Any insight on this would be appreciated.