A true buyer will put skin in the game, spend money and get inspections done, and make a legitimate attempt to close the deal if the inspections clear.

These are all legal tools to help seller sell that has a difficulty with low equity positionsNow if it's not low a equity but it's middle equity like $400,000 house $200,000 equity, most sellers will just pay the cost to sell which are about 10 to 12% of the value of the house when you include everything commissions closing costs sellers concessions and holding costs while it's being soldOver a third of houses out there or free and clear with no mortgages and this presents an opportunity to let the sellers know that if it is free and clear where they can do an installment sale and use their house as a retirement asset with no due on sale risk, own a private mortgage, get a cash flow like an annuity payment, and the cash flow can survive ther death and leave it for their kids or charity

In order for both side to have “skin” in the game I have either a $50 a month pet rent OR one months security deposit.

A necessary read for those of us teetering on the brink of having to make the same tough decision that as you, while having the added difficulty of respectfully disagreeing with your father to go with your heart and chase your passion! 

I am looking for a mentor, not looking to share profits(unless I have some skin in the game), otherwise I am willing to do some of the day to day stuff that you don't want to spend your time on. 

From experience, hard money guys like to see at least 15k (your skin in the game) in the bank before they will give the green light on funding your projects.I have not personally done any wholesaling, but from what I have gathered, you would have plenty money left over for a good marketing campaign!

With conventional financing, you have to have "skin" in the game.

What are some difficulties to grow your rental property portfolio?

@Darnell Palmer Lenders want you to have some skin in the game if it isn't a primary residence.

However, the significant difference is that if the market crashes while you are in the middle of an apartment value-add project, you will likely experience a lot of difficulty and even a loss of the project, whereas with MHPs the project will likely continue as planned and can even get better due to increased demand for a more affordable living solution.