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.

Most will require you to have skin in the game.  

So many variables, gotta have some thick skin for that potential roller coaster ride..

Or you can learn by reading, listening, watching, and still find that you would be 10x farther along if you had just started by  connecting with the right person from the beginning.Find out what kind of area you are interested in investing in, put the funds together and say here's my skin in the game, then connect on Connected Investors, BP, local facebook pages, local reia meetups, and elsewhere.

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

I have some liquid capital, not much $14,000 to be exact, I know as a new investor acquiring hard money would cost me some skin depending on the deal.

I also require the borrower to put some skin in the game. (20-25%) of acquisition cost at least.

,Eh, no skin off my butt regardless of what you call it.

As they say many ways to skin a cat.......... and as another poster mentioned time to buy was 2011/2012....

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