I was lucky enough to find a property just a few blocks from my TK purchase that was in excellent condition, fully tenanted with two units, passed the inspection with flying colors and is grossing close to the 2% rule.

Color me greedy cuz I'm not about to give this up!!! 

With this scenario we both have skin in the game: His work and my materials.

I personally like one sponsor who has been through multiple real estate cycles without losing any investor money, puts very large amounts of skin in the game, is conservatively leveraged and has a very good 1031 exchange program.

So I read about it here first: https://www.capecoralbreeze.co...And then I went to check the future land use map here: https://capegis.maps.arcgis.co...and apparently I'm in the light-colored area that says SM: Single Family and Multi-Family (even tho the lot is currently zoned Single Family)So I'm trying this based on the principle that Planning is more likely to approve a special use permit if it aligns with future planned use. 

Neutral colors work well, and energy-efficient upgrades not only attract buyers but can also qualify for tax benefits.

The lenders simply are not interested in financing a deal where the buyer has such a small amount of skin in the game.If you don't mind, can you touch on how you were able to obtain the type of financing structure that allowed for a seller-held 2nd mortgage? 

I've seen some well-known syndicators brag about having "skin in the game" when the truth is they invest $100,000 in $25 million deal but take home $250,000 or more in fees.

My experience has been that purchase transactions where the buyer has no or little skin on the game have a default rate many times that of buyers who place a significant down payment into the deal.  

The lighting is a little dark in the picture but this will be a lovely/bright kitchen and living room for our next resident.