Fannie is now also requiring the GP team to have significant skin in the game. 

I understand your concept, but I would refuse your offer precisely because it can be 100% withdrawn, so you might as well be a wholesaler with no skin in the game.

The rental market is a dynamic environment, and one constant is change.

The amount of downpayment requirement insures buyers having "skin in the game". 

Here's an example.There are many ways to skin this cat.

Several ways to skin that cat  ;)    With the DSCR lender, you could close directly in your LLC and it would not report to credit.

Looks like if it defaults they have no skin in the game as they are acting more as a broker.

That dynamic will balance out this year, it appears, but still the gold rush of a few years ago is definitely over.-- But the real nail in the coffin could come in the Colorado legislature which is considering reclassifying STRs as commercial property for property tax purposes.

With a couple more years of elevated inflation the affordability issue will be softening too.What i am trying to understand are the reasons and the dynamic of what is happening there.

Yes, we pay a fee for the coaching, that many of us feel is fully worth the cost, maybe having "skin-in-game" makes us more likely to take action and be excited about the company, but that is for you to decide.