Buying without any skin in the game is high-risk and a recipe for disaster.

So a sponsor that's great for one investor will probably be terrible for another (and vice versa).I'm a conservative investor, so when I invest in real-estate I prefer sponsors that have at least one full real-estate cycle of experience, little to no money lost, low leverage, and high skin in the game.And there is a multi-family operator that has multiple real estate cycles of experience (decades) and it's track record claims no money lost in that time.

Lots of ways to skin it, but it can take several touches before a lead responds. 

Far fewer disruption to my life, and possibly a little cheaper via economies of scale and lower costs due to not having to move furniture out of the way with every step... so many ways to skin a cat, and they a will work.. just need to decide what works best for me an my situation I guess. 

And they have zero skin in the game.

A PMC, has to deal with whatever you buy on a daily basis, so they have the most "skin in the game" with you.PM us if you're interested in the Detroit market.

Lenders will require you to have some skin in the game.

If that is the case, many lenders will require for you to have some skin in the game. 

I really believe in what we do and the services we provide and I have pretty thick skin. 

As an investor myself, fully capable on closing a deal (yes, I can get hard money, put up my capital, or my 20% as a skin in the game, buy, fix rehab the prop and sell on market, or just hold and sell), I have ZERO fiduciary duty to seller.