Hi Lionel,Make sure you qualify for multi-family financing with a lender, and know what the lender requires of you during the loan period, such as net worth maintenance.The lender may require closely matching asset experience, for some loans, etc... 

We have a lot of listings in-house among our agents through-out the firm and I am more than confident we can work on finding you something to fit your criteria during your upleg period of your exchange.Reach out to me directly if you want me to connect you a commercial investment agent who works in the area you are interested in.

Red flag does not refer to derogatory credit, so if you heard that from a loan officer they must be new and probably don't know much.Most loan programs require some kind of waiting period for anyone who's had a BK. 

Did you end up having to hold it for a 6 month seasoning period before getting the loan on it?

You can usually walk away from the deal WITH your earnest money during the inspection period.

I would like to try and avoid a cash out refi, in an attempt to keep my payments the same or even lower them or shorten the loan period.

It is also possible to structure an Improvement 1031 Exchange whereby your Qualified Intermediary (exchange company) acquires and holds or "parks" legal title to your new replacement property so that you have the rest of your 180 calendar day exchange period to use any remaining funds in your 1031 Exchange to complete improvements as part of your 1031 Exchange. 

if its priced right it will sell period end of discussion.. feedback is useless.. 

I'm curious what happened during the 1960s/1970s periods of high inflation.

Do you ask a realtor to run comps for your property on a periodic basis, Zillow Zestimate (probably not), run your own comps, or some other manner of valuation?