Jennifer You have $170k appreciation in 2 years or $6.8k/month over your hold period.  

I frequently see 4-plex's that have original kitchens from the 70's and 80's, have neglected maintenance over long periods of time, or even have leases that are several years old without any increases in rental rates.

My wife has went back to school for a new degree so we are in a chill period.

When you are evaluating appreciation, ignore the COVID period.

Our bank required a 6-month seasoning period before they would do a cash-out refi. 

Owning a positive Cash flow property makes it much easier to hold onto for a long period of time.

Sellers are in a period of hyper low inventory, and even with higher rates, we are able to help sellers get top dollar when we list.

I ran the numbers through the calculator and it looks like it has potiental however i was hoping someone with some more experience with the brrrr strategy could bring some insight as to raising the value of this property so after about a years time (seasoning period) when we go to refinance it i could get the partners initial investment back out of the deal. 

The financial institution who has custody of the brokerage account will be the one providing the loan, and the interest rate could be 1.5-2.5% for a 10 yr loan period.

I do understand that I need a VA appraisal and I was hoping my lender would be able to get that done ASAP (before my 10 day option period ends as I'm nearly through underwriting for negotiation reasons).