This is much different than CORPORATE credit, which is purely EIN based credit with no personal guarantees.

Is this a pure cash flow play or long-term growth through appreciation? 

It'll be tough to get into a pure investment in your area for 35k but here are a few options:- partner on the second deal- if the numbers make sense and you could get more cashflow then you could look at a higher price point but my guess is this will be difficult to find- Buy your first property as planned, and save the 35k as reserves and/or just keep it for the next down payment on another FHA after a year- find a place that needs some work where you can use that money to fix up and force appreciation to the propertyPersonally, I would look at those last 2 options where you have the cash on hand ready to deploy for the next down payment or rehab costs if needed.

To my knowledge, the only non-recourse loans available are pure commercial loans. 

If you're after pure cash flow your strategy might be different. 

I agreed with her that the Special Name is pure branding. 

It's a more "pure" approach, then if I like the numbers, I'll move forward. 

That's pure slime.Save your time and do something legal and ethical to save for a down payment.

Just looking at this purely from a cash flow standpoint, I'm at -$800 to -$1,450 per month.Condo-Hotel, Using WorldQuest as an example -~$260K$180K HEL at 9% - $1,450/MoHOA - $550/MoTaxes - $166/MoInsurance - $200/Mo?

So I let them know that I am posting a notice and as long as they still pay within that timeline, it's purely policy and will not affect them.