The issue of "dreamers" is resolved.

Tenant issues are more likely to arise and then you have the owner....many aren't qualified expertise wise or financially to weather the storm.

We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.

These are being issued by local "nonprofits" who are mass emailing landlords pretending to be section 8 tenants.

As to the quandary posed by the OP: The root of the issue is that it basically sucks to be an RE investor these days.

That would not fly in multifamily unless there was a reasonable expectation of fixing the issue quickly. 

The main issue is your exit is capped so if your costs go up, your profit goes down.

I'm curious, have you run into any insurance issues? 

There are a lot of site-specific issues you need to investigate before deciding what the land is worth to you.

That is done via placing the highest quality tenant possible, keeping issues to absolute minimum, keeping maintenance and service calls to minimum, because to make it work properties have to operate on cruise-control.