With a bit of generalizing, the following should be helpful:The ultimate difference between a full ERISA plan and "non-ERISA plan" are the nature of eligible plan participants.

In other words...people that don't have enough skin in the game to even cover the deposit. 

Lenders will always want to see you use some of your own money so that you have "skin in the game", so to speak.

Here's my take:Property Management is more closely related to automotive manufacturing than what people naturally think of when they hear "Real Estate."  

The After Repair Value of the property must naturally be more than the cost of any liens and the cost to renovate so they get their money back.3.

If the lender is requiring you to put 30% down on a flip, its likely because the deal itself doesn't look great and they would want you to put more 'skin in the game'. 

But nope I just put the tips on my site LOL. .It really is amazing what is 2nd nature to me/us that others do not know.

Pay-to-play is somewhat true because when you join a good coaching program, which is an active community, and surround yourself with fellow investors who are actively looking for deals, opportunities will naturally cross your desk.

One thing I would advise is that by having skin in the game, you always risk things turning sour.

Quote from @Yocheved Beer: Hi all,I have found a house in Lehigh acres Florida for a purchase price e .75 of of the appraised  value and it is for sure a 1 dscr. can I immediately buy this for  0 Dollars downHi Yocheved:One of the cardinal rules in real estate is that you have to have some skin in the game.