Alternatively, you can offer the seller a $50k mortgage secured by your land subject to the $150k existing mortgage on the property you’re purchasing.  

Like if they were required to pay 90% of their appraised value to purchase the property at the seller’s option?

Yes, I've experienced this personally and many clients of ours have as well. 

Are they planning to purchase this as an investment property or primary residence?

You also have DSCR that "Does Not" use income - No income, No tax returns and just uses rents to qualify for purchase or cash out refinances.

Purchase price: $284,000 Cash invested: $20,350 Sale price: $435,000 Contributors: Peter Vekselman Partner Driven, in partnership with Seth Choate, purchased a home on N Backer Avenue in Fresno, CA, for $284,000 on 10/29/2021.

I'm looking to buy a six-plex property in Watertown, NY, priced at $425k. The downpayment is 25%, with the seller financing 60% of that and me covering the remaining 40%. Each unit has three bedrooms. Does anyone have...

Would the intent of the buyer's non-refundable, earnest money deposit be on the assignment fee, payable to me, or for a deposit on the purchase price of the house.  

It may or may not be the best time to purchase due to rates and high prices.

I've worked with a few out of state investor clients that use Hemlane for their PM software/services.