@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.

Can you offer non-refundable earnest money, etc to show you have "skin in the game" and are serious?

Biggest requirement with rehab loans - skin in the game, a good deal and a decent credit score to boot.

When all goes well things are good. 10 years ago, Investors enjoyed working with good wholesalers who would actively scout the properties desired and do all of the leg work.Over time, the ability to get involved with little or no skin in the game, the ability to make a lump sum of money quickly, and a plethora of bad information made available by people who were only after the disposable income of those who really did not have enough money to get involved in higher level RE took a good tool and exploited it.Wholesalers exploiting undereducated layman (someone who does this exclusively for a living is operating as an Agent with no licensing issues to restrain them or cause them to disclose expert status), using a lot of really distasteful tactics (like trying to wholesale deals already on the MLS, co wholesaling through a string of folks) and getting greedier and greedier as they went....That's where the stink came from.