to make sure they have skin in the game...And what extra equity goes from you to them just to make sure they are compensated for their extra efforts of physically checking things and bringing value to the project? 

Does it appear they have any skin in the game or did they buy it for the cost of recording the deed? 

If you show that the purchase you made was a success and are willing to leave a little skin in the game then I don’t see why you couldn’t find a lender willing to forgo the seasoning period.

Yes, the sponsor team's experience is important but so are the assumptions in their underwriting.A good sponsor will have conservative assumptions (e.g. cap rate higher at exit).I also like to see the sponsors have skin in the game.

Craig's list and eBay over time DIY (who knows).....Upscale heavily decorated costs money.In many cases DIY can save about 50% in labor, but high end unique things will require workers with specialized (more costly) skills.To get the Look you want, the best way to accomplish a tied together "Feeling" is to get with an 'Interior Decorator" or Architect who does this style, and bounce the cost questions off of that person.There is no way to tell....is the animal skin bead spread $30 from a yard sale or $3,000 at Nordstrom's carpet department in Seattle?

No one has more "skin in the game" than a PMC as they have to deal with the property every day until an owner sells or fires them.Also recommend finding your own Inspector and not one referred by an agent.

We typically like for the owner of the property management company to invest in our properties alongside us to have some skin in the game, however, it is not necessary.

This put me in a position of "skin in the game".If you would rather go it alone, you still need to find someone with boots on the ground that can be your Market Expert, as well as helping you put any other parts together for you (i.e., rehab, PM, etc...).Visiting the State would be nice, but unless you plan on making a week of it (even that isn't enough time), you are much better off with a relationship with someone with "boots on the ground".

Although troublesome for me, hopefully this will serve as a lesson for others.Pam – I am definitely developing thicker skin and this experience has been eye opening – lesson learnedTom/Kevin/Seth/Jon/Steve – Thanks for your input.

Plus you need skin in the game at least 15 to 20% down.Loan to Value:Up to 80% for Multi Family, 75% for all others.Loan to Cost:Up to 90% cost loans are available for select propertiesConstruction Loans:: Floating over LIBOR or PRIME; fixed over LIBORDEFINITION OF 'LOAN-TO-COST RATIO - LTC'A ratio used in commercial real estate construction to compare the amount of the loan used to finance a project to the cost to build the project.