It's reassuring to hear that sometimes it's just a matter of getting some skin in the game as soon as you're ready.  

If a person doesn't actively have skin in the game, there is ZERO respect for your house.   

Colleague of mine who owns a rental company, has about 2,000 rental properties in Chgo, and earlier this year, he explained to me how he got SCREWED with the moratorium, and wanted to now diversify with our company. 20% rentals to us (over time), because we have more stable and consistent income (not to mention skin in the game), vs getting screwed by his tenants.

@Tamika JohnsonThis very much looks like a scheme to get into running rentals without owning rentals, id est, no skin in the game.

The only skin I will have is putting a $10k reserve for this property.

I'm getting rid of the IRA either way, because my return would be much greater in real estate instead of letting it sit in my IRA...If I'm wrong, don't hesitate to tell me, I have thick skin.

All sorts of ways to skin this one.

What the heck does that mean and what kind of "business" is he in.As for tatts; I don't like them and I always think how they will look on someone as they get older and the skin starts to sag. 

But there are many ways to "skin a cat".

Its best practice to keep them in the tenants name to make sure they have some skin in the game.