If so, and you are in second position, if the buyer defaults on the primary mortgage and the lender forecloses, your second position will be wiped out and you will be left with nothing.The fact that the buyer has no actual skin in this game at all, because you are financing the downpayment, seems risky to me.  

No skin off my ....I have both so was sharing my experiences.

They have more skin in the game then you do.Make sure you get clear title.

in theory yes. in actuality, no. reasoning: banks don't like loaning you money when you have no "skin in it" that's why you need down payments. you also need to cover closing costs. theoretically, banks may lend you money if the deal is so good that you have enough "instant equity" to cover their ***. for example, banks like loaning 80% of the value.

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

That seems reasonable, they're not helping with damages but, at least they have some skin in the game.

@Jason D.He stated, you can’t talk a certain way to people down their if you have “ white skin “ because they will kill you.- I think it was a tactic to incite fear obviously and ruin my investment strategy. - I don’t really like manipulation, but I know many people try to use it in this business. - My Tampa Home is Class C!!

They have more skin in the game then you do.Make sure you get clear title.

I passed the first time but by the skin of my teeth compared to real estate brokers tests that I can basically finish in 45 minutes .. some of the mods think I gave up.. but nope done .. 

I have some people(who have skin in the game) who have offered to go through places with me, which is nice too.