Hey Juan, when working with borrowers I usually look for somebody with experience (atleast 3 projects done), approved permits for the build, and at least 15% of the project financed by the borrower so they have some skin in the game (plus enough cash to close and make at least 6 months of interest-only payments).

They want you to have skin in the game on a higher risk second home and a HELOC does this since it is money coming from the equity in your primary home.For a second home you can find places that will allow you to put down 10% instead of 20%.

Once you build a capital stack and gain experience you can move to cheaper capital that may require a little more skin in each deal.

Note that I do not put a lot of time into due diligence until the "contract to hold" meeting, when they put some skin in the game.At the "contract to hold" meeting, I collect an amount equal to one month's rent.

My skin is crawling...

any market has opportunities and there is a million and one ways to skin a cat.

Increases of lease income over life of lease further increase ROI.New construction is great for NNN leasing for property owner as exterior maintenance which is his/ her responsibility is non existent in a new properly built STVR.NNN leasing requires a builder and or property manager to have “skin in the game” based on building a quality rental and paying for high quality furnishings.

I think I have a self-taught MBA in business/real estate by now, but no sheep skin.

I can't tell from you post what the 30-35K consists of, but I'm guessing it is either partly your own skin in the game, or partly fees or a combination of both.Here's the thing: you are asking for a lender to provide a second position mortgage and to make it worse, you are asking for them to provide all of it with you having no skin in the game.

I want a ceo, co founder, that will come in and being his business skills to turn this idea profitable and invest skin in the game.