Ultimately whether you buy a home or a rental investment comes down to the fundamentals of renting vs. buying in your personal life. 

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So I guess when all is said and done, I have yet to decide if multifamily is ultimately better (or more profitable) than SFR. 

If you're wanting to sell it when you move, or use it for equity leverage later, the first choice sounds better.  

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Success is a process, failure is a choice

My initial reaction is that I would inform the Seller that failing to close would breach the contract, that you are fully prepared to close and will proceed as if closing will happen as scheduled in the contract, and that if Seller breaches the contract you will have no choice but to exercise your right to seek a remedy.

., this is ultimately a personal call, but I wanted to make sure you caught what Travis said.

Spend some time on your free "MLS" of choice.

The last 5 years has been atypical with the credit markets and such where FHA was either competitive with conventional loans, sometimes cheaper than conventional loans and unfortunately at times, the only choice for a mortgage.Each bank has their own underwriting standards since again, they are the ones lending the money.