I'd have no "skin in the game" besides the contract is new the full amt etc. do lenders work it people like this or is it like traditional loans where u must have a certain percentage to put down?

The 3 most important things a business lender looks at are what is the collateral, and what kind of skin in the game do you have, and can they see where the money is going to come from to repay the loan.

I would say that being out $6-12k is not bad at all and it allows you to have some skin in the game and it sounds like your property has good cash flow. 

My thought is that the seller still knows I have “skin in the game.”

I bought my first couple of personal residences by negotiating a price, and then submitting a written offer that increased that amount by the amount of the projected closing costs.The advantage, assuming the house appraises for the higher price, is that it is no skin off the seller's nose, and it allows you to effectively roll the closing costs into your mortgage.The disadvantage is a lot of lenders are wise to this, and limit the amount of "Seller Concessions."  

You're almost always going to have to put some skin in the game, but many hard money lenders will put up a good chunk of the reno costs as well.

However, if I could acquire properties for 70-75 cents on the dollar, I should be able to control the asset without much skin in the game. 

Many ways to skin a cat.

They won't do 75% of appraised value, as they're worried that you might not have enough skin in the game if you have a really high appraisal, so they base it on purchase plus renovation, instead.

Originally posted by Account Closed:Jerryll,If someone put up all the money, they be wanting 70% and give you 30% because you have no skin in the deal.Brandon does deals where he finds the properties and his partner puts uup the money and they split profits.