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

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.

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.

With BRRRR you typically need to buy a house that needs a LOT of work because you need to get it cheap enough and do a large enough rehab to increase the value WELL ABOVE what you have invested into it.

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

2) Focusing on Cashflow vs Appreciation: recipe to buy Class D properties that may take a generation to increase in value. - What type of tenant do you think will live in a Class D property?

Small Multi families are a great way to increase cash flow