Personably, I don't have a skin in this game.  

You will definitely need to have skin in the deal.  

You do need some skin the game.

However, if the city (people) of Portland want me to put more skin in the game then they will have to put their money where their votes are.

(And actually invested in another business with a partner of mine) I don't have money to invest in properties myself (or skin in the game as is popularly referred to) With that being said my credit isn't great and I obviously understand the greater than normal risks involved so I would be happy to take a cut in the profits for the first few deals with higher points as I save up for the down payments private/hml require(I read average is 20-35%) However, I have heard and read about PML/HML that will make deals based solely on the deal without requiring you to put your own money down or checking credit or anything involved because they use the property as the gaurantee.

They will want you to have skin in the game and/or some experience.  

They look at it as you are not taking the same risk as they are since you have no "skin in the game".This doesn't mean you can't do it.  

This can be a good starting point in getting "skin in the game".  

The Fine Young Man has experience with the rental machines (he's helped a friend with his rentals), so it's an opportunity for him to jump in right away and get some 'skin in the game' with this new house.The question is -- what happens to the original hardwood floors under the carpet? 

Has anyone found out lately that even when you present a 50-60% purchase price of ARV to one of these lenders, they still ask you if you have skin in the game?