If you borrow 100% of the purchase price, you have no skin in the game and it's easy to walk away.

The plan is that is the skin I put in the game and then they will pay for the renovations and then I can either sell it and make a profit or keep it and do short or long term renting.

My wife is very fair skinned.

There are many ways to skin a cat.

There're many ways to skin a cat, as they say, and it's really up to you as to which way to play.

First lien basis, so you can’t borrow the down payment from them.Most lenders want a borrower to have a certain amount of skin in the game, so LEGALLY being able to put together a nothing down deal is MUCH more difficult than it used to be.A good-great deal can be syndicated, but the money investors want the vast majority of equity ownership, leaving relatively small amount of equity for the “promote”.

@Laura Chevalier So there are a lot of ways to skin the cat on this one.

I'm also interested what it's been like for landlords but since I've just started Im looking to just getting skin to put in the game for now. any advice would be greatly appreciated thank you!

I live in Boca Raton, but work in Ft Lauderdale and Miami so happy to meet up with anyone in the business that is looking to put skin in the game (not just a broker).

Basically your skin in the game.