If so you should be able to cancel but if you are doing it out of the inspection period you are stuck and could run the risk of losing your earnest money if you put any down. 

I understand that nothing in life is free.

got out of flipping to new construction in our market in columbus ohio. licensed general contractor. when interest rates got high single family existing went down by 30% new builds sold at a 6% increase that year which demonstrated the desire and premium that new construction commands. never looking back. total control, rinse and repeat. we can get permits in 28 days. we can buy land cash in 21 days. we can build in 120 days to 140 days and keep moving. super scalable and easy and no risk. we build the same 2-3 Floorplans 

Chapter 13 is where debts are re-organized and paid back over time in monthly payments.If someone has filed either chapter 7 or chapter 13 previously, they are less risk than someone who has never filed.

In SubTo, the bigger risk is on the seller.

The goal is to mitigate the risk as much as possible with finding a good location and solid property.

If you have any more specific questions about multifamily investing feel free to reach out.  

STRs, in particular, are closer to running a hospitality business than a passive investment, with constant guest turnover, cleaning coordination, and regulatory risks.

A duplex could be a great compromise that lets you start small, build equity, and learn the ropes while mitigating some of the financial risks.

Some are owned by my ROTH IRA and are making tax free cashflow.