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

The good tenant's lease is almost up and I know he's just as irritated being their neighbor.

Nothing is very new in real estate the laws were laid down years ago and pretty much the same.. couple concepts.. buy low sell high.rent for more than your all in costs.get a license and broker real estate for a career.get a mortgage license and help others get funding get an apprasiers license and get paid to evaluate properties and write reports.Work as a property manager and get paid to manage.ETc ETc For courses you may wish to take.. simply go to e bay and buy most every guru's courses for 25 to 50 bucks each go through the tapes and books you will find most of the information highly redundant because nothing is new there is only so many ways to skin the RE cat..

Private and hard money lenders also want to see that you have "skin in the game."

I have been on the sidelines and need to get some skin in the game.

How much skin in the game will we need for being first timers.

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

@Patrick Frairei feel like i suggest this in every rentback situation, however, it may not work as well in this situation, but have you considered twlling them to leave $5-$10k in escrow with the stipulation that it be used to evict the tenant if you arw forced to evict. if you give them some extra skin in the game, they will come back and help get her out in a year

@Lee Ripma I've thought about being the bank, When you're funding deals are you funding the entire deal (to include all rehab) and being the First position, or are you funding Acquisition/Down payment only requiring your borrower to have "Skin in the game" and leaving you in 2nd position?

It's their fault, and the power lies with them to reverse their poor past choices and pick themselves up a bit by their own bootstraps.You're going to tell these new tenants that what's primarily wrong with them is not a legacy of a crime against humanity in the form of three hundred years of black slavery, followed by an unfunded emancipation that turned a huge number of Americans into desperate economic refugees based on the color of their skin, followed by a legacy of organized race hatred, bigotry, pseudoscientific and religious condemnation, and of course overwhelming and widespread intimidation and coercion, followed by a series of failed half-hearted half-measures coupled with an absolute refusal to consider slave reparations and the most lopsided minority levels of poverty and incarceration in the developed world.You're going to explain to these black folks that all that is of secondary importance, and what's REALLY important now is that they get better managing their money so they can hand it over to you more efficiently and you won't have to work so hard to get it.