Lenders generally want to see a handful of things:  good credit, experience and "skin in the game" or cash.  

Generally speaking, around 6 months of inventory is considered a healthy market. 

I'm aware this is quite a bit riskier then to be in 1st position, as well as the fact that the first lender (also hard-money) wouldn't be happy if he found out the flipper is looking for additional capital, even though he does have some, though limited, skin in the game. 

I have seen a TON of activity moving into West Philly around the Cedar Park leaking into Cobbs Creek showing low days on market, healthy balance between rentals and flips, and a fair spread that does not overprice like you may see in some of the hotter neighborhoods. 

You better know your partner and make sure they put skin in the game.

But I'm seeing some red flags here.Bottom line, I would be unlikely to do business with anyone who doesn't have at least some skin in the game, ie money.I'm not even understanding what Small Business Guy has to offer. 

I am currently in college, I attend school for free through veteran benefits and I receive a healthy pension check every month for some events that I’ll take with me the rest of my life from the service.

it doesn't sound safe because other has not skin in it , so he/she can take it lightly?

From my experience the lenders want to see a juicier deal and they want you to have some skin in the game.

I am thinking I will ask for the first months rent also for the new term just to make sure they have some skin in this.Sorry, newbie jitters.