Fully agree- when they say skin in the game, I can say I have double.

That equity stake puts skin in the game for the management team.

I don't see anything wrong with that, if it will get the deal done.Pros:- 20% down payment requirement will result in less holding costs- Lower interest rate than a bank loan or hard money loanCons:- Origination fees might be higher than a private loan- Might take longer to close than private money- If the condition of the property is too poor, the loan might be harder to get approved- Bigger down payment requiredThere are many ways to skin a cat.

Do you have any available cash to put "skin" in the game?

It all sounded good, but long story short, he had no skin in the game, and I lost it all.  

That way if they don't purchase the house you still keep the downpayment, and you basically get a higher quality tenant with some skin in the game to motivate them to purchase the house.  ...and no need for rehab!

Paid may give you some skin on the bone, but usually there is no real meat, you can find as much information on your own, free, if you just take the time to study. 

You will learn more with skin in the game which will get you where you want to be quicker. 3.

I would let hime live there for free but I want him to feel that he has some skin in the game.

I had an opportunity a while back to buy 5 properties at a great price, but had no cash on hand to have "skin in the game".