You just need skin in the game.

Doing any type of development deal is not an easy thing to do as there are many different ways to skin a cat...

Consulting" was legal verbiage as we couldn't state a "deposit" for some reason.This was a while back when composed and for the purpose of investors having skin in the game before they get me burning rubber with pitching deals, answering questions, etc...Plus, if I don't like someone I don't have to sell and just refund the $5,000 "consulting" fee (Happens 9 times out of 10) 🤷‍♂️As you know, our operation is boutique as we prefer it that way and I "touch" all investors personallyAnd even prior to that step we have tweaked and tweaked our investor on-boarding process.How to pre-qualify leads via POF, auto-responders, VA's reaching out with email questionnaire's, FAQ's via our website and so forth.A rigorous process to ensure both the investor criteria and our model are clear for all...I mean it took years and years to develop, adapt, change, etc...But I guess that ain't clear enough either for some 🙈

Unfortunately, the bond market is also sending out warning signals, further exacerbating the economic unease.When bond yields invert, with long-term rates dropping below short-term rates, it often signals a looming recession.

He has skin in the game and will guard it with his life.  

Looks like he disclosed his fees and skin in the game, but it was a lie...Did you see Kapoor's relationship with the Mayor?

Two, and most importantly, I have skin in the game in both scenarios.In my line of work, my name is always on the line.

Putting my skin in the GAME!

And unlike someone attempting to market time, I would say, still be investing in 2010-2012: which was a once-in-a-generation series of really great vintage years.With sponsors I personally want to see full real estate cycle experience with little to no money lost, conservative leverage, long-term debt, fixed-rate financing, high skin in the game and competitive fees. 

Hosts that want to make a decent profit get a little skin in the game, and if that means paying a bit for real data so they aren't coming back on this forum in a year asking how to save their STR, then that is what it takes.