BRRRR strategy issues

[Kerwin Montilla]

Good evening, I'm running into some issues with the brrrr strategy.  I baught a college rental for $82k rehab cost $15k which bring me at $97k property is worth $150k. Rented it out brings in $4,200 a month.  Went to a bank to get a cash out loan and these are the exact words I looked at your 2017 tax return. The cash flow for those two properties would only support a very small mortgage (less than $50,000). I know that sometimes what is on paper may not reflect reality, but the tax return is all I can go by. Any suggestion ?