As to non-recourse, investors are almost whimsical about using this limitation, non-recourse loans do have legal limitations and applications.

Although it will definitely be harder to make a decision on a house (if the pictures are non-existent of sub-par quality), you can still run a lot of the numbers or get someone to do it for you. 

Check the contract and make sure this deposit wasn't non-refundable.  

If you only rent to low-income, non-Section 8, you are probably going to experience this scenario quite often. 

It usually takes 48 hrs - 72hrs to get a response from them, then some negotiation via the realtors and once there is verbal approval, they send the final contracts for signature.

I don't understand why you would use a non-subjective formula instead of an accurate ARV and Repairs calculation.The percentage off ARV doesn't mean much without knowing the repair costs. 

I have a business with a partner (non real estate related) as well as my own portfolio of rental properties, as well as my wife and my W2 stuff.  

I have went to REIA in my area but non of them seem interested in investing in apartments for cash flow (mostly all rehabbers/wholesellers etc.)

Performing/non-performing?

When inflation kicks in again those that have appreciating assets in non depreciating areas are going to be golden.