What are your feelings regarding growth, appreciation and development in Jamestown? 

If nothing within 2-3hr radius, expand your search further and switch 2-3 driving equation to flying radius that will land you in many cash flow markets like Kansas city/Indiana/Ohio etc. lot of opportunities there but before you jump in, zero in on a market and start researching as much as you can about macro economy/population growth/jobs/neighborhoods etc, network with other fellow investors and take feedback about their investing experience in that specific market.

Dallas is well known for it's strong economy and job growth, but did you know that Indianapolis has a lower unemployment rate than Dallas? 

https://en.wikipedia.org/wiki/Detroit#DemographicsMetro Detroit, on the other hand, has surprisingly strong growth.  

Hello CheriLike you I am finding it a challenge to find financiers for the next move in my business, I currently own 23 doors outright, and have been turned down by the banks for an Equity Loan.So what I advise is move on to other banks, I am now trying to find Banks that understand investing and want to be with me for the growth, so I suggest a well-written Business Plan, prepare some financial statements if at all possible showing your growth, and finally persistent, keep trying remembering No, is really a lost opportunity on their behalf, and a minor set back on yours. 

I am a Canadian with one rental property already, and a solid plan for growth in Canada.  

I am in rapid growth mode and want every dollar of leverage I can get. 

For us, it allows controlled growth but also lets the business survive on its own without any additional cash inputs.

My counter point would be if appreciation continues 3-4% growth each year, then you would just need the depreciation to be under appreciation to make it worthwhile to continue holding?

As a point of interest, 4-plex units are still single-family and you would use conventional lending rather than commercial, so if you use those early "easy" mortgages on 4 doors here and 4 doors there, you will gain more cash flow per acquisition, which assists in growth.