My friend and I plan to buy large quantities of skin care products, either from big names like Estee Lauder and Clinique, or less well-known brands, on a regular base (monthly) and at discounts.

If your deal is marginal and your HML wants skin in the game, you may need more like 25-30%.Example 1:HML will lend 70% of ARV, no required down payment:Purchase: $60KRehab: $10KARV: $100KLoan: $70KPurchase costs: $1000Points: $2800 (four points, i.e., 4% of the loan amount)Holding costs for six months: $2000Interest payments for six months: $5250Total cash needed: $81050Less loan: $70,000Your cash needed: $11,050In addition, you'll need cash to pay for repairs then the HML will reimburse you.When you sell:RE commission: $6000seller concessions: $3000closing costs: $1000Net from sale: $90,000Less loan payoff $70,000Less your cash invested: $11,050Profit: $8,950

After being asked for so much freaking documentation, he got irritated and just wrote a check. ( I hate to tell him I told ya so, but I did)Either way, I am sure BP will provide you with the advice you need to get ya goin!

It's a bit irritating that some pumps have the auto cut off at some dollar amount that discriminates against large tanks.

In the first case, you probably want either a trusted employee who has successfully done these types of deals or a trusted partner who has some skin in the game.In the second case, a good GC is probably what you're looking for, or perhaps a good project manager that you can pay as a contractor.

That get irritating in a hurry.

Experience and/or skin in the game3.

In Georgia it is much more expensive and time consuming to foreclose instead of evict so they need to have some serious skin in the game (at least 10%) before I will give them owner financing.FYI I just had a tenant buyer walk away from her 5k option fee.

I also just skinned a wood-construction fire pit with HardiePlank.

its annoying and irritating,  but I vote to fix.