Side note we have asked if they would take less for the property and they declined. 

Large  banks like Wells Fargo require 60% ltv which is why you may have been declined. https://www.calcxml.com/calculators/how-much-can-i-borrow-from-my-home-equity-heloc?

I think the market will be going soon into a price decline as Appfolio is updating its investor portal and all in at $400. 

But they do have good appreciation when times are good, and I'm on 30yr fixed rate financing with that cash flow, so as long as they're not a multi-decade decline in rents, I should be alright ;)I don't think this Zillow estimate is quite right, but maybe $500-550Kish when we are done..

Smart Move had the info, so we politely declined their application. 

Is it growing or declining?

This is my first time pre-screening a applicant and there is chance that I may need to decline an applicant due to what is showing on their Credit bureau.

Often times you will also find a declining population.

Put the 1-million dollars in an ETF that provides dividends of $50,000-60,000 at 5-6%...but purchasing power declines that same amount of $50-60,000 every year.2) Leave the properties alone and get $6,000 per month cash flow and half of that is taxable; (property tax deductions and depreciation) At 30% tax rate that's a hit of $900 per month so leaves appx $5,000 cash per month.

With the possibility of a mild recession, the Federal Reserve's announcement to cut rates three times in late 2024 and institutions like the Federal Housing Finance Agency (FHFA) and Freddie Mac hinting at a potential uptick in transactional activity after a slower 2023 which saw a 70% year over year decline in sales volume the "Survive Til '25" adage might be moot.