I want to see my sponsor have full real estate cycle experience with little to no money lost, significant skin the game, conservative leverage and terms, no investments in non-realestate or non-investment grade debt and market competitive fees and splits.

Thank you,Ron Generally you may still find financing for 100% of cost from hard money lenders, but tread very carefully because anyone offering that is going to be shaky or you will be faced with extreme fees and interest and risk - much much better to have some "skin in the game" and less risk especially when starting out.The main point of BRRRR is not really to use "other people's money" rather its to save the down payment and then recycle that cash as you repeat - i.e. you can cash-out 100% of your costs on the refinance purchase and then have the same money to do it again, but having a "free" rental property after the BRRRRR process

I figured it's a small price to pay ($320) relative to the overall skin in the game so figured I'd give it a shot for a year and see if it was worth renewing.

@Dylan ThomasBanks care because of the investor has no money in the deal then they are more inclined to walk away (see residential 80-20 loans 2006-2008)While yes banks “may get paid” or get property back, banks are not in the business to own property and they actually suck really bad at it and due to fractional lending it can cause stress on their balance sheet as they have to mark to market the loan vs hold to maturity.Banks want skin in the game.

Right now, pricing out, say a 25% down on SFR investment properties DSCR are giving me somewhere in the high 7's to high 8's. theoretically, borrowing the money directly on the property you intend to buy COULD be a lower rate of interest. but you'd have to shell up some cash to put down, so there's your trade-off. there's no one size fits all, but i suppose it might make sense to pay a little more in interest in order to forego the skin-in-the game.... but i would encourage you to also review the risk of collateralizing your primary residence for the purpose of buying an investment property.

Applicants need to put some skin in the game and respect your time, because after all you're investing your time, gas, etc to show the property and screen tenants.Note: I have RentRedi, but their system was annoying to list so I used Zillow's app.

This is known in the industry as, “Skin in the Game”.A.

Bottom line, there are many ways to skin a cat.

I need a diamond hand, not these paper handed banks.Advice, thoughts, especially a deal/offer, anything would be greatly appreciated.No one will be willing to take on the risk of a property if you don’t have adequate skin in the game.  

As if it's an ARM you pay way too much at 4.25% interest :)Yes, you have to come up with at least 20% for the down payment - the seller needs to see you are serious and have skin in the game.