(yet) But if I were in your position, I would be sceptical of renting to anyone that doesn’t have a bit of skin in the game.

If you did this and either held it for a year (I️ believe that is the standard, but I️ would confirm with the banking institutions you want to go with), you could then refinance, pay off your land contract and pull cash out if appraisal came back higher.Your original thought process is correct in that a bank wants the 20% (I’ve seen closer to 25-30% on commercial loans until you build relationship) to protect themselves from fluctuations in value, but they also want skin in the game.Good luck,Roger

I'm sure I would have to put some skin in the game and would be able to have a couple hundred thousand available if needed. 

They will require you have some skin in the game.If you're thinking, OK, me and the seller will sort it out after closing, don't do it.  

there are many ways to skin a cat.....one thing you could do is flip some residential properties until you have 160k.

Once I've got all of that cleaned up, I'll be able to see what I can scrape together for skin in the game and look for a brrrr buy and hold.

Whether I purchase it cash or with conventional financing, the banks only want to lend/refinance up to a specific LTV (usually 70-75%) on the purchase price EVEN if I buy the property at a significant discount (e.g. 50% of its current market value).In the past I've always struggled with this same issue, and thus eventually I end up tying all my capital in properties and I'm unable to purchase more (even hard money lenders want you to put some skin in the game).

They want to ensure you have serious skin in the game, which will help them sleep comfortably, knowing you most likely wont walk away.Maybe to get started, you might consider becoming a wholesaler.  

Hi Stephen-Scenario I find two properties that show promise find an instituation willing to let me borrow for both properties, so the only skin I have in the game would be the percenatage down for both investments and use the banks money for everything else?

http://bocarealestateclub.com/ Andrew, ...I have "no skin in the game" with B.R.I.C, ...but if I was new to South Florida, ...B.R.I.C. would be a very smart place to learn about the South Florida real estate investment market.And too meet some very nice-helpful folks too!