Quote from @Bree Jimenez: There are many ways to skin a cat, but you should choose one way and stick with it until you figure it out or learn that it's not working.

It does not matter whether you are starting a real estate business, restaurant, car wash, or amazon commerce business - the lender will first look at you and your partner and how much skin you have in the game, your experience and the risk of the loan not getting paid. 

Good luck with that one—I doubt any syndicators would find a sympathetic jury in such a case.Scott, you and I have debated the concept of “skin in the game” for years.

When you are willing to cover your mouth with a handkerchief and step over land mines to see if the layout works for a LTR you know you're a real estate investor 😁 lolI've seen it all and smelt it all.Just haven't found a dead person yet in a property heheFunny thing is, having travelled a lotSome cultures consider animalistic smells attractive.Even aphrodisiacs.Personally, I love me some niche perfumes and have always bought the heavy Middle Eastern Oud scents.Repulsive when first applied but give it a few minutes and it blends into the skin making it sweet, sour and woody lolMaybe cat piss after some time smelling it would also blend in with our olfactory senses like it does with the other cultures hehehehe 🙈   

Now thats all groovy but the market is not liking it.. parking sucks and no yards.. so a few builders I know that did these little developments are not selling well and ( of course that buyer is very interest rate sensitive) so I personally wont do it..

@Chris BrownDon’t Share Sensitive Info Prematurely. 

Potential Equity is not skin in the game. 

In industrial, my experience is clear heights, door count and size, loading dock access, and (probably not the case here) how perfectly level are the floors.I would also run a price sensitivity on how far rents may be able to drop to still make this worthwhile.  

HELOCs are NOT sensitive to the 10 year treasury.

When you're doing your due diligence in MF just make sure they are not over leveraged and have some skin in the game.