Now I'm left wondering whether it's best to lower the price to get the property off my hands asap or to make some costly improvements that will probably neutralize any increase in value.

Commercial lenders have really been backing off of their aggressiveness with multi-family as of late.

I was presented with an off market deal in Hammond with the potential to rehab it and add another bedroom, so I am trying to size it up as well and see if its worth it.

I am worried about cutting off the power and then there be mold grow as we are in Alabama.

I have enough money in my 401K to pay off the Rental.

Do you think at 7% DSCR it is even worth it, considering the fourplex will essentially just pay off its own mortgage + taxes and not have any leftover?  

You would never want to put off replacing something until it becomes unusable. 

If you think they'll shrug you off, you'll be surprised.As you figure out the best strategy for you and what these deals look like, you can start meeting with investor-friendly agents to help guide you further and start analyzing deals. 

@Greg CobbThis appears to be some sort of knock off of my company with a poor attempt to gain some traction from our marketing campaigns by using a similar name. 

A DSCR loan is underwritten based off of the applicants credit and an appraisal rent schedule.