There are many ways to skin a cat.

I don't know whether that's the case but I think that if you need to spend $5, $5000, $50000 or whatever to feel like you have "skin in the game," then who am I to tell them they are wrong?  

They think a PML is cheap money from somebody that doesn't know what they are doing and HML is expensive money from people that do know what they are doing and won't lend without skin in the game.

.$128000 ARVminus 30% (for return)----------------$89600minus $16950 repairs  @$12/sqft-----------------$72650 as offer price(assignment fee..guessing $5k to leave skin on the deal for the buyer, hence 26% ROI net closing costs ($30280)Any thoughts feedback, corrections?

I also understand from the proponents of L/O that having a buyer-tenant with more "skin in the game" versus a renter in the house would make the management easier.From what I read/understand, it definitely does not seem to make sense to seller finance in regards to my options for non-payment (eviction vs. foreclosure).The problem I have in structuring the deal is if they cash me out "soon" then I don't stand to make as much as I would if I continue to rent the property but I guess the trade-off there is that I would then have all the equity available as capital to reinvest into another investment (or multiple investments) which may offer better returns.I am curious if:1) Anyone has actually done this and found it to be a better long-term strategy?

But most guys will want you to have some skin in the game.

And no better way to learn than shadowing the people doing it on your project with skin in the game.

Apply whatever baloney code sections you want to whatever you want - it is literally no skin off my nose. 

Think about it, a seller has to be in quite desperate straits to hand over to you a property which may or may not be cash flowing and receiving zero dollars in return with a promise from you.Realistically if you are charting a course to sail into an investment property 100% financed by the seller having zero skin in the game and no real experience in any aspect of multiple unit complexes, you are setting yourself up to be shipwrecked.

Perhaps not a fit for your situation but  an interesting approach that Joe Fairless mentions is partnering with a PM on one of his larger deals and giving them equity so that they had "skin in the game".