How you proceed will depend on a few factors:- financing will depend on your exit strategy - you'll be best off if you can decided the exit plan (LTR, MTR, or STR) before buying- Since you're not employed and living on savings, what is your burn rate and your cash runway?

The property I've set my sights on is a 9-plex where the owners are willing to carry 70% of the loan at a 5.5% rate for a $1,800,000 building.

People's debt, tax rates and situations vary greatly. 

I asked about costs/rate/terms and he said "6 percent" interest for 5 years.  

Have they bought the rate down?

That property won't sell for another couple of years and I messed up and didn't lock in when rates were low and am now paying triple on the interest only payment.

Then when I sold in 2022, it was before rates really took a jump. 

Is this still around and if it is at what rates?

How much down what interest rate how many years is there a balloon what are your financials is he sophisticated how much more do you want to pay.

there could be some good plays for office downtown PDX as it has the highest vacancy rate in the nation for established cities of its size.