it is technically a real thing but very rare, and there is plenty of historical data out there that shows those who have less skin in the game are at a far greater risk of default by a factor of 5-7x.

Yes, Elon went and started blowing up rockets to sort out things BUT don't forget that was R&D NOT "trial and error".

For a super high income Bachelor or something of that sort maybe there is some appeal in what you said, but for people with families, na man I don't see any upside to NYC. 

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

Updates are rare and most correspondence is will call you back or something of that sort.

But these are the sorts of gaps that people come up with solutions for.

Most things are posted under some sort of lien (Lien, Misc.

., all sort itself out.  

So I require skin in the game (average is 5% to 15%) to offset this.

I started my OOS HML  career in Detroit and that was 2002 and WOW coming from our area what an education I got.. my clients that were doing turnkey at the time and all the buyers were out of state ( basically LA based) the local on the ground operator was very good he had all sorts of tricks to try to keep the houses safe.. the one i really liked was painting the copper pipes grey so thieves would not steal them..