(yet) But if I were in your position, I would be sceptical of renting to anyone that doesn’t have a bit of skin in the game.

However, I just bought an additional two properties (cash purchase) and I think I may have difficulties with the Refinance portion due to DTI (Debt to Income) ratio.

If you did this and either held it for a year (I️ believe that is the standard, but I️ would confirm with the banking institutions you want to go with), you could then refinance, pay off your land contract and pull cash out if appraisal came back higher.Your original thought process is correct in that a bank wants the 20% (I’ve seen closer to 25-30% on commercial loans until you build relationship) to protect themselves from fluctuations in value, but they also want skin in the game.Good luck,Roger

I could use some advice/analysis on this deal I am having difficulty assessing.

The most difficult is picking a direction and then comes the 2nd most difficult part, staying with it.

What I am having difficulty determining is how much sweat equity a developer should be entitled to.

They will require you have some skin in the game.If you're thinking, OK, me and the seller will sort it out after closing, don't do it.  

I am having difficulty finding lender who will refi with cash out.

there are many ways to skin a cat.....one thing you could do is flip some residential properties until you have 160k.

I am investing in mobile homes and I want to use the exit strategy and offer seller financing, but as we know the Dodd Frank law makes that difficult,I want to find a mortgage loan originator to work with.has anyone tried to find one and if so what's your suggestions.