The family had foreclosed on another home in the past and couldn't get a mortgage, so by structuring a 3 year lease option, they rented from us but treated the home like it was their own because they had skin in the game ($5k deposit and paying slightly above market rent rate).

Hello, I've always been a stock market investor and am trying to educate myself on real estate as an option to diversify my investments. My initial thought was that I'd like to have '5 doors' to buy and hold with the ...

A ton of different ways to skin a cat!

So that they have a little on going skin in the game if they feel it is truly a good deal

Sellers always want some skin in the game.

My location is somewhat remote and networking in person is seeming difficult. I

ESPECIALLY in the Millions.... you MUST do an IRR and take EVERY Future Cash Flow into Account.I know that some readers will just be biased against the IRR, they will still be the horse that I bring to the Water but just refuse to drink.I say that if you are serious about expanding your portfolio, becoming that multi-millionaire (or billionaire), then do it from the very smallest to the largest investment as you grow.Caleb, if you are having difficulty with my posts and these spreadsheets above, you are welcome to go to your friend who understands the importance of the IRR.

We are still a little cautious about flooded properties due to the difficulty of selling & renting.

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

They bring most of the financing and you bring the boots on the ground local area knowledge and the management of the property and some capital so that you have skin in the game.