My though at the time was that if I had a partner/contractor with some skin in the game that the project would move along quickly and be done in a quality fashion.

Good way to start but a lot of ways to skin the cat.  

@Keith BelznerThere are many ways to skin that cat but the bottom line is that you want to have and option to buy but not the obligation.

The problem with short-term rentals is that cash flow can be inconsistent and despite Costa Del Sol being a tourist hotspot, can turn quickly, really impacting expected IRR.  It

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

I would suggest you get some thicker skin as they say as this business will get you doors slammed in your face, people yelling at you for calling them on the phone, hate mail back for sending them mailers, and much more.

I use to send out seven letters to the PR's but found my best result for a call backs came with sending three.You will get those folks that call you back with irritation.

It's the best way to treat your skin.

You will however need some money to get the original loan from an HML, 10-15% of the cost to purchase/rehab, ie you must have some skin in the game to incentivize a successful outcome.    

I have also heard that you have to have thick skin in wholesaling.