I put pretty 3x6 white subway with raised “panel” surface in my most recent flip and they sell 1 SF ready to tile sheets of plain 2x4 subway for about $2 psf on mesh.

@Marc Izquierdo, section 8 tenants generally have little to no skin in the game, so really don't care about your plumbing or walls or how the place looks.

A good amount is one that you are comfortable with putting down on a property, and more you are skin in the game you have better it looks when you approach investors, or banks.       

Hi there, I would like to understand the deal flow better - it seems pretty straightforward on the surface- but wanna know more details.My situation - I have a few long term rentals that are slight positive cash flow.

I would also say that if the mower needs to be replaced, then you would subsidize part of the cost to replace so that the tenants have some skin in the game.  

House was sitting vacant for over a year, had some surface mold in the basement that scared everyone away, and we swooped in and bought the only thing we could afford at the time.

You want to help companies make financial decisions based on risk, well they are going to want you to have a lot of skin in the game to do that.

At first, it would be for smaller commercial properties, but if the relationship grows well and we make a good team, I'd love to scale up with them.Ideally it's a win-win for all:For the PM:They get a large chunk of equityThey get more business.They get access to my investors' capital for potentially future dealsIn a way, they eat what they killFor me:I look favorable to the lender with an experienced PM team as a partnerI'll get a deal under my beltI'll be able to get help with the downpayment, reducing the burden on my investors and myselfFor my investorsSure, they lose out on some equity, but they'll get a (slightly) higher return due to the lower monthly management feeThey'll sleep easy knowing that the PM has skin in the game and is experiencedTo be clear, I'm playing the long game, so I'm more than willing to do say, a 55/30/15 split with the PM/Investors/Myself and with a 3-5% monthly management fee.

He agreed but since he was busy on the job we didn't really have time to discuss it further.So of course, one option would be for me to just be his private money guy and structure it as a debt deal, but I'd really rather get a little more skin in the game and partner with him. 

On the surface this opportunity looks to be a dud.