How can I buy this 19% CAP 7-Unit MFR without cash or living there?

[Taylor Jennings]

The subject really captures everything...

There is a 7-Plex that is being offered for a great price with 19%+ CAP and fully occupied bringing in over $3k cashflow/mo.

Not sure why the owner wants to get rid of it, but I think he's just wanting to get out of the landlord business.

Can I get a conventional loan for this and maybe do seller financing for the down payment to the bank?

Will my Mortgage Rate be higher since I'm not living there?

Costs increase for the same reason?

How should I proceed?

Thanks for taking the time to read this post and replying!