Neither my clients nor the other agents know about this at that point, my guys are already stressing out with the deal, are in the middle of packing and have been hanging on by the skin of their teeth (home sale contingency...) during a nerve wrecking six weeks.

The big difference between RE and stock is control and difficulty.

@Karan Malhotra I think @Jay Hinrichs and I are on different pages of the same book.I was probably getting too far in to the weeds to stick with the "general requirements" theme @Timothy Albright set up.I was simply putting the info out there that a hard money lender is going to require some "skin in the game".

seems like that is a bank refi situation not a raise private money so the owners have little to no skin in the game

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.

So I find myself in a situation where- as I learn more about BRRRR, am having difficulty in choosing what the best option is moving forward. 

Well I put in an offer and but he is having difficulty putting in the specifications that I want. 

Hey BP Family,I’m looking at a vacation rental in Daytona Beach. 1/1 condo. Looks to be in great shape, great location, seems lucrative on the surface. Never done vacation rentals, so this would be my first one. I’m l...

It is not what many try to sell and mislead you on its difficulty and the lying you'll have to do and keeping the truth from the Owner/seller by having and paying for 2 closings to keep your profit away from the owner who might be offended by your profit.