You will need to have some funding though, as they prefer you to have skin in the game.

This may not work with a bank that may require some skin in the game.

Terms below.Purchase price: $150KRehab cost: $100-$125KARV: $425K-$450KMy Skin in the Game: $30KPartner: $270KProfit split:50/50I am working with a private investor and structuring it as a equity partnership.

Please do not hesitate to ask any questions I have very thick skin but I Believe everything is a lesson and I learn from anything given to me.

Hello all,I wanted to get some opinions on this, was at a meetup tonight playing cashflow game with others and I mentioned to someone how I've had such difficulties after loan 5, that I was thinking of buying my property with cash vs paying off one of my current loans, because they have 3%ish interest rates.... guy at my table mentioned that it would be smarter for me to invest time in calculating my perfect deduction amount and purchase the next property with that exact amount.

Having a lot of difficulty finding the right one.

@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.       

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.  

I've been having some difficulty finding a bank that would offer an FHA option for a mixed use property (2 residential, 1 store/office).