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.  

Seems there are many of us trying to get this REI game on in Albuquerque.

So can be a tough game for a small investor.   

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?

You need so much working capital to get an affordable mortgage.. after getting into this real estate game I realized it takes ALOT of money to make money lol 

these are cash and carry deals as noted above.. thats the exciting part of this.. those with true unsecured cash are the only one's who can play.. so it keeps the no money crowd and wholesalers at bay.. if your going to do this you need to find the rich uncle with the cash in the bank... you pay cash get your deed then take to a HML who will back fill your deal and you do it all again.

There are Aton If factors that can come into play though.

We also have about 40% equity in the house so the thinking was we could take that and leverage more than we are now to step our game up so to speak.  

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! 

Is it a guessing game if someone is still occupying the property and who can I contact about the property?