Private and hard money lenders also want to see that you have "skin in the game."

I have been on the sidelines and need to get some skin in the game.

How much skin in the game will we need for being first timers.

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

Hey @Skyler Mckinney 👋 I love your passion for real estate.I live in Virginia Beach as well and something to consider in an area as established as ours is the difficulty you would run into selling a $300,000 house in a $150,000 neighborhood.

This have been difficult for me because I have not yet done a transaction, I’ve sold some homes as a Realtor, but I feel like with how appreciated our market is, the price I would pay for the 4 units would be higher than the rent (unless new paint, carpet, and appliances were added - then I could increase the rent)...my biggest area of difficulty though is the MATH.

The lawyer told me about all these difficulties even before I brought up the rent credits.

Prices are sky high and it seems like buying at these levels would not produce much extra cash flow.2) How difficult is it to invest out of state? 

@Patrick Frairei feel like i suggest this in every rentback situation, however, it may not work as well in this situation, but have you considered twlling them to leave $5-$10k in escrow with the stipulation that it be used to evict the tenant if you arw forced to evict. if you give them some extra skin in the game, they will come back and help get her out in a year

How difficult is it to evict a tenant for not paying the water bill, assuming they're current on rent?