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

•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.

Attractive digital marketing fliers, 3d tours, professional tours, rent specials, and competitive pricing all help too!

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.

The paid off property is an attractive and way lower risk / less work investment from my seat.

The barrier to entry is lower so they seem attractive, and to the person who knows what they are doing, they can be very profitable.

Small Multi families are a great way to increase cash flow

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.

In fact I have a no PITA policy, which means if you violate it you are probably getting a rent increase at next renewal opportunity, which might be next month if you are on M2M.