and you can find an almost unlimited variation on risk ( from low to high leverage, both floating and fixed rate debt, from no to high skin in the game, etc).

Does the sponsor have skin in the game?

You have no skin in the game! 

There are many ways to skin a cat in syndication.  

Problem is theres slim to none investors that are going to allow you to get into a property with zero skin in the game. 

I can’t stress enough how important it is to stay focused and avoid some of these common pitfalls early on.Quick thoughts:Find the right Realtor – Make sure they’ve got some skin in the game with househacking or investment experience.Budget = Game Plan – That pre-approval is your marching orders.

You'll develop tough skin and it will make other seller calls (i.e.

At this point, we are three years in, and have learned that you sometimes have to have thick skin (grit) in dealing with tenants, managers, and RV site visitors; while maintaining a sense of humor and humility.

Anyone who aspires to be a wholesaler and reads this forum, grow a thick skin.

I have no "skin in the game."