Guests having skin in the game makes for better guests.

Generally HMLs will have max LTC/LTV so while you can work the numbers, there is still going to generally need to be an X % of the investment as "skin in the fame"If you have the cash, is it better to not finance repairs using a HML?

So it’s infinite cash flow from here on out with no skin in the game after paying myself back with cashflow.

Have they had skin in the game.  

So something that looks great to one will look terrible to another and vice versa.I'm a conservative investor, and so I generally want to see full real estate cycle experience with little to no money lost, conservative leverage, high skin the game and sponsor splits that are fair and don't incentivize them to take increased risk with my money.

I have about $120,000 that I am looking to use for fix-n-flip investing in pursuit of a higher IRR.  It

No matter what you write in your Offer, it's no skin off the Realtor's nose.

", maybe some things are best left silently unwritten.But I suppose as you grow older and more comfortable in your own skin, you change.

Since this rightly irritates me, I'm considering setting aside $30k in escrow then suing my would-be blackmailer for that sum or whatever I'm entitled to. 

Of course, there are still ways to get scammed doing this, but sharing incentives and ownership such that there is skin in the game GREATLY reduces these risks.