Does my process make sense?

So we can go the 20-25% down route and finance less and rent all the units but then I feel like even though our cash flow will be higher, we’re just getting the 30k back we just put in, if that makes sense?

Throw a month long process and credit report and start over, that makes a lot of sense

Not sure if the program is still going but may make sense to look into it.

Common sense says to trust the utility companies, but I don’t know why there’s such a huge desparity.

Does it make sense to seek a non-recourse loan for 25% down or proceed with a regular loan of 20%, lender of which says it will be a non-recourse but they can't put this in writing and they will sell the loan to another loan company and thus can't guarantee that the new loan owner won't change it to a non-recourse.  

There are a few that I can purchase with cash and if priced right the numbers make sense for me.I have read some of the general thoughts and pro's and con's of condo investing.

While the cash flow seems ok, i'm worried when it comes time to sell, it wouldn't make sense because if banks won't lend on it, then you loose a HUGE buyer pool. 

Once that is done and you understand the value and equity situation, you can pursue the acquisition strategy which makes the most sense. 

After listening to the podcast and reading as many books as I can get my hands on, I'm taking Brandon and Josh's advice (which is always awesome coming from them) to analyze deals in my area to get a sense of the market and what constitutes as a great deal.