Brrrr Hiccough - Suggestions?

[Dillan Ruthenberg]

I recently attempted a 2 second Canadian style brrrr with a hiccough along the way. I am wondering if I truly need to wait or if there is something I can do to expedite the process?

Timeline:
Property 1
Purchased Jun 2016: Purchased for 5% down @ 255k, refinanced about a year later at @ 325k with some minor renovations completed, and got a HELOC Oct 2017 for 20k and had 20% equity in the property vs 5% when I had purchased

Property 2: 

- Purchased in February 2018 for 192k and had it reappraised in March/April for $222,500 
- This was super low based on comps and I asked for a review based on the brokers opinion of value as well and he said he could not review it
- After this the lender informed me that he could not even do the refinance with the appraisal because my DTI was off
- He recommended waiting a year or so until the rents from the new property show up on my tax return and to pay off some debt for the ratios to start working in my favor

My realtor provided me some provide private lending info who were able to offer NO refinance on property #2 but they could do a mortgage on a new property we were looking at for 20% down, & 10% interest.

I did not have 20% ready to go as I was banking on the refinance for at least a portion of the funds and had to turn down the offer.

Curious if anyone else has encountered these roadblocks and If I need to wait or if there is something I can do. 

I was initially surprised b/c my lender has been great and has always included about 80% of new rents on a potential purchase into the equation. Both properties cash flow very nicely (about 1k each)