The only exception to this is if life circumstances happen and you CAN'T.

If you are gonna say no you can say it's policy to not provide deposits back until the end of the lease and we don't make exceptions unfortunately. you also did not note but how much is the pet deposit ? 

Since they keep the loans in-house instead of selling them on the secondary market, they can tailor loan terms to meet your unique circumstances as an overseas borrower.If you have strong assets or savings, consider looking into asset-based loans or no-doc loans.

My question is that due to numerous unfortunate circumstances, two properties that my partner and I purchased (through a program) were underscoped, and we cannot move forward financially.

Given the circumstances, I’m unsure whether to proceed or back out of the contract.

That is not a benefit for you, nor any kind of evidence that they are worthy of becoming a resident.That issue aside, I would not allow someone with a recent eviction on my property unless the "unfortunate circumstance" was unlikely to recur AND they otherwise have a strong historical track record of making payments AND they would put down a very large security deposit.

In some cases, we give them a 60-day notice but in this circumstance, we would stick to what the law requires.

Is anyone an investor in the RE Gain Fund LLC upREIT, and how is that performing, and under what circumstances did you get into that REIT?

I just want to explain my circumstances and see how people with experience and knowledge in real estate would move forward if they were in my shoes.

Yes, it is possible to obtain a second FHA loan, but only under specific circumstances, as FHA loans are designed primarily for owner-occupied properties.