I’d recommend looking for properties that already have stable tenants or need minor updates to increase rents down the line.

Sold with extra lot for value increase Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The home has been doing okay Occupancy wise it is following the same occupancy as the average occupancy in the area so around 60-77%  but it is a new unit, this march it has increased to an 81% occupancy and April and May its picking up in occupancy fast so its a perfect time that I started this airbnb. 

Four properties provide diversification, greater potential for appreciation, higher aggregate depreciation deductions, and increased cash flow over time but involve more management complexity and higher leverage risk.

With interest rates climbing gradually and the "potential" for a recession, the need for housing is still at an all-time high and people are choosing apartments for several reasons.

When cap rates increase you have to have an impact on NOI great enough to overcome the cap rate adjustment plus a profit. 

Quote from @Lionel Quiambao:  ... and maybe throw in the option for the tenant for more speed at an increased rent to cover the additional payment. 

•If you can, raise rents or find ways to increase the property’s income before applying again.Have you already tried talking to multiple banks, or is this feedback from just one?

Personally I’d do a 1031 to save $40k, I’d skip the LLC, increase the limit on my umbrella, and call it a day.

Overall nationwide cap rates are rising because of interest rate increases.