B2R Finance Question

[Chris Shuptar]

I currently own three rental properties and I cannot get another conventional loan. I called B2R as recommended on the podcasts. I gave them all the info for the property that I've had my eye on and they said it doesn't fall into their lending parameters. Also, I have a 775 credit score and make about $50,000/year at my day job.

Just a little info on the property:

Purchase price: $140,000

Down payment: 20%

Total monthly payment (including taxes, HOA, etc) (according to a 30 year mortgage): roughly $1050

Rent $1500/month

I just want to know how that wouldn't meet their parameters? I cash flow $400 per month on each of my other 3 properties. Am I a high risk person to lend to or something?