He wanted to make sure we had skin in the game. 3. 730k for a 27 unit mobile home park.

But is it fair for you to get a huge equity stake, capital appreciation, profit (at no risk and with no skin in the game) AS WELL AS being paid a nice management fee? 

Or invest it in Real Estate.You could buy a bar (or some other business) with that money and let him run it (with your oversight) learning how to actually make money (vs being a wage slave), then after a few years turn it over to him (once he matures and only once he has some skin ($$$) in the game along with you).Just my 2 cents.

As a newbie, I was required to put 20% down(skin in the game) and they paid 80% of the purchase price and 100% of the rehab.

They wanted us to have some "skin in the game" so we had to put $55,000 down that we payed with our HELOC but when we refi we will get that money back.How did you add value to the deal?

How much skin will you have in this deal?

I negative cash-flowed that thing the entire time and it irritated me every month.

Does he have any skin in the game if things go sideways?

They have more skin in the game then you do.Make sure you get clear title.

They have more skin in the game then you do.Make sure you get clear title.