A nonrecourse loan is a type of loan where the lender's only recourse in the event of default is to take possession of the collateral.

What made you interested in investing in this type of deal?

I've attached a screen shot of the deal types. 

Do you have any specific property types, or a price range you want to specifically target.

Olu - Assuming the geography and style/type of building fits your criteria (others have made comments that you should consider) the other part of this discussion on whether this is a "good deal" is the ability to increase the NOI of the property over time.

You can exchange any type of investment real estate for any other type of investment real estate anywhere in the country. 

Beacon Hill is well-known for having many types of housing units available within it, while Rainier Valley serves as one great place in terms of centrality and preferably affordability.

@Gustavo Munoz Castro thanks for the advice, what would you say is the best resource for finding those types of homeowners?

You are talking to the Rolex wearin', diamond ring wearin', kiss stealin', wealin' dealin', limosine ridin', jet flyin' son of a gun, and I'm having a hard time holding these alligators down.

It all depends on the answers to those types of questions.Personally, I don't mind higher leverage.