The rental increases and equity growth makes our  market very forgiving.

I have private money family friend who wants to fund multiple investments and since I come from the construction industry they are confident in my ability to rehab properties.

I’ve personally house hacked in the Irving park neighborhood in Chicago with a multifamily so not completely relatable experience to what you’re looking to do but hopefully can provide a few insights.If you go with the suburbs in a SFH, you could rent by the room and presumably increase cash flow.

Didn’t you come across all confident and cocky me you could get this closed?

Our battery went out and our son had to crawl through a basement window but I doubt too many people could have done that, he was impressed by our increased security but didn't want to drive 2 hours back home so he found a way.  

This will boost your confidence  

either by increasing direct profits or creating growth or both.

I'm hearing folks say: "I'll call sellers once I gain more CONFIDENCE!"

Alternatively if you feel confident in the higher value, I would ask if the lender is open to doing an independent appraisal ordered by an AMC instead of a desktop one. 

I have a feeling the snowball of moment is increasing, and you will have that 4 plex in no time at all!