I know its ultimately up to me but just looking for advice with people who have skin in the game.

Most hard money lenders actually require more skin in the game than conventional or FHA financing. 

Make THEM (potential tenant) pay the application fee so they have skin in the game. 

Try to find some local investors that you can work for or maybe get into a dealer to with them with a little skin in the game to get them to teach you how it's done.  

YOU ARE NOT DOING THIS FOR FREE AND THEY KNOW THISDon't be afraid to turn their offer down if they try to low ball you after they know your contract price, IT'S OKTHE ONLY WAY WH WORKS WELL IS with CONTROLOh, it needs to be a cash buyer, no convential buyersJUST MY 2 CENTS BUT THERE'S MORE THAN ONE WAY TO SKIN A CAT

Typically, you just need more skin in the game when starting off, so, 20-30% for first time or newer investors, rates (9-12%+) and fees (2-5 points plus closing costs) will typically be higher as well and after you get a few completed and have the resume, you can start getting better rates and terms. 

I like hearing the stories of those folks that were able to build a RE business and retire early for their financial independence and several of them did it in different ways.Thanks for your post, I think it’s an important discussion.Thanks for your comment Michael,There are many ways to skin a cat as they say lolI never claim to be right or wrong.I like starting a conversation and sharing my opinionMuch success

I end up having less cash flow since its only 5% down, but I just wanted to get started and have some skin in the game

Is there enough skin in the game to trust an agent on finding off-market deals and/or speaking the RE game to a prospective seller or listing agent? 

I also offered her a free (except cleaning fee) stay during our very slow season - no skin off my back there.