Unless you bought RE a few years ago, created equity via successful BRRRR, flip, or do a combination you're just playing the appreciation game. 

Partner Driven funded this transaction by leveraging a combination of internal capital and strategic partnership resources.

Quote from @Tim Johnson: Has anyone seen an example of a lender combining debt with equity on a real estate deal?

and its a combination of every type of thing.. 

Is there a combination of lending products and tactics you see that can make it possible to refinance after possibly 2 years and get out a large enough portion of funds to use towards the downpayment on another property?

That, combined with hidden repairs combined with self-managing a low income could all construe to thousands in losses. 

The deal came through local market research combined with insights from Kody Higginbotham.

I am a real estate professional and, combined with my husband, we are just a bit over the highest income tax bracket so this could make a difference.

She has a lot of experience in various forms of property development but we have two great deals at the moment where we have been able to combine parcels of land to create a development project.

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