If I’m buying an apartment building for the first time how would I go on about getting a non recourse loan where it is secured against the asset itself?

This is downside protection.2) Security Deposit: In the event of eviction, the landlord can keep the security deposit as collateral rent and damages.

There are a few significant shortcomings to a traditional Section 453 sale:· Security is neither diversified and usually not investment grade.

I'm renting my house out soon, and want to make sure I have systems in place to save documents, hold security deposit, keep track of repairs, etc.

My intention is to have this initial seed investment be both a way to provide security for my new family, ideally security that requires little to no out-of-pocket expenses for us monthly, and eventually can cash flow upon our exodus.

Sounds more like your broker wants the security rather than the seller.

Obviously I had to completely replace the door, but I just deducted the cost from the tenant's security deposit. 

A security deposit is not meant to carry a tenant, it is to mitigate damage.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn.

.— The term ‘‘Federally backed mortgage loan’’ includes any loan which is secured by a first or subordinate lien on residential real property (including individual units of condominiums and cooperatives) designed principally for the occupancy of from 1- to 4- families that is— (A) insured by the Federal Housing Administration under title II of the National Housing Act (12 U.S.C. 1707 et seq.); (B) insured under section 255 of the National Housing Act (12 U.S.C. 1715z–20); (C) guaranteed under section 184 or 184A of the Housing and Community Development 3 Act of 1992 (12 U.S.C. 1715z–13a, 1715z– 4 13b); (D) guaranteed or insured by the Department of Veterans Affairs; (E) guaranteed or insured by the Department of Agriculture; (F) made by the Department of Agriculture; or (G) purchased or securitized by the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association.