Interest only no recourse loan?

[Neil Garceau]

I am working toward closing on my first duplex I am purchasing with cash from my self directed "checkbook" IRA I set up over the past few weeks. Objective was to diversify some of my stock market exposures. My thought is to do an interest only non recourse cash out loan if there is such a thing and put those funds down on another property. The spread between the rental income and interest only payments will be a few thousand a month.
Does an interest only non recourse loan even exist? Has anyone ever done this?