@Jesse Santos whenever a prospective tenant wants to negotiate I tell them: “sure we’re always willing to accept more”, and then I don’t say another word.As a rule of thumb, if you enter into the negotiating game with a prospective tenant early on, you will be living with that their entire tenancy on all their maintenance requests, late payments, pet requests, etc.They have already shown you who they are as you thought the initial negotiations were over and then they brought you to round two.

The purchase would likely need to be consummated at the higher price in order to establish the "damages" to which you are referring... and then I would refer you back to the other potential issues I raised with respect to a negligence claim.Responding to a demand letter with "go pound sand" is not the same thing as defending a lawsuit.I just don't see any attorney taking this $12K case to trial and that is what you are suggesting as the end game.

So I require skin in the game (average is 5% to 15%) to offset this.

Despite feeling late to the game, I'm committed to learning and aiming for my first deal in 90 days.

On the other hand, if you are looking for people that just give you money and you run the deal (limited partners, aka passive investors) that is an entirely different ball game.

Think of it as a football game, you need to play offense and defense.

I suggest an aggressive principal pay down so they can have skin in the game.

@Jerome Thompson, yeah it's easy to feel stuck at this stage in the game.

We've got BIG news that's going to take your renovation game to a whole new level.

You're playing the game the right way.What's your lead source for finding the properties?