I would also recommend that they have sufficient 'skin in the game' IE additional down payment above and beyond just having lived there a while. 

ZERO skin in the game. 

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

Why every renter hates living in big multifamilies and dealing with bullying property managers with no skin in the game.

I’d love to hear from people that have had skin in the game for a while.

Most will require some skin in the game and they lend on the property and your experience, not your jobs.  

So I can go into a syndication deal as a GP with wanting to find the best deals.So skin in the game is not always a predictor of success.

How much skin in the game? 

Navigating the financing nuances is where I'll need the greatest help, since there are 110 ways to skin the real estate purchasing cat, and none of them are totally clear to me (yet).

Also, you are right about wanting to have a deposit from the tenant, so they have some skin in the game to take better care of your property.