Don't leverage your property with a bank.  

@Jeffery Jones you understand you'll be buying Class C & D properties, not in the best of areas?

@Connor ChatlosDenver and Chicago's high property values make multifamily properties ideal for house hacking.

They have people invested in individual properties, especially students. 

We have an LOI accepted on a property where the seller is going to carry roughly half of the 25% down payment.

I believe it's because the property is being sold "as-is," and they are unwilling to make repairs or negotiate based on findings.

I bought this property as a brand-new turn-key property in December 2022 (3bed & 2bath-1544 sq-ft).

He can fight the seller to still buy the property but you are out of the deal and want your money whether he signs cancellation or takes it from his pocket.Key thing is focus on your agreement / contract and your rights.

You can list the property as a "net listing" and take the difference over what the seller is willing to sell for that way. 

Also, due to increased liability exposure property insurance premiums is adversely impacted causing fewer and fewer building owners to seek out ATM tenants.