Am I potentially exposing myself to some sort of issue here?  

I want to know how much skin they have in the game, the loan, and their track record.

Less skin in the game & delegating responsibilities such as guarantee, GP equity with less scrutinyAs an LP who can only write smaller checks, why go with the GP who falls under the larger syndication category?

Well, if I'm buying to flip and it's going to cost me 3-5 months of time, effort, holding costs, risk, etc, and I'm only going to make $30k off the final sale then it serves to reason that the wholesaler would make less because they have less skin in the game.

It ended up getting sorted out and the rent got issued through the CHMA, but there WAS a delay.

I think a free market would sort this kind of thing in a very efficient manner. 

All sorts of little things you know if you are local but hard for outsiders to navigate. 

I have a CPA I work with who I’m sure will sort all of it out, just didn’t want to do something if it would cause a huge tax headache later.Do you know if you convert a STR to a LTR after a cost seg, will it cause a large repayment of taxes (I’m doing the cost segs to lower my W2 tax rate).

There are many ways to skin this cat.I require 50% at the time of booking.

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.