They do this on purpose so that:Lenders in general do not like loaning money to people with no skin in the game.

College is a life experience, getting that sheep skin is an accomplishment.

Martin  You have elephant hunting syndrome being impressed with 30 properties which are probably overpriced while the owner is searching for a fool, that's my impression.And, there isn't room from his price to buy and close and resell wholesaling properly but if you try the guru way, that's a big target to be noticed by regulators and a good way to get skinned with a real buyer of a portfolio. 

You may not have enough money to put down for a conventional mortgage but there are many other ways to skin a cat.

Staggering appts w even a small overlap will help reduce your wasted time along with trying to gain a little skin from them, but people are largely fickle creatures.

@Joseph Mceneaney Your down payment is your "skin in the game".

The one thing that irritated me that I couldn't control was that their version of "clean" was not my version of "clean".

-You always want to work with partners that have "skin" in the game. 

That kind of irritated me (I know sometimes/someplace that's custom).

1.EquityIt's not a surprise that the stability in the market over the past decade since the sub-prime crisis can be linked to the elimination of NINA and NINJA loans.When investors must have a skin in the game,speculators leave the industry for the real professionals who actually know what they are doing.Speculators belong in Vegas.True professionals don't hold 90-100% of their portfolio with less than 3% equity.That's a suicide party waiting to happen.We are not a fan of this whole "creative financing" and "No money down (NMD)" movement on BP.It's cool if it helps gives some average Joe their start in real estate,but when it becomes your sole strategy,you will surely get eaten when the apocalypse arrives.We currently hold all assets in a 25% Equity position.You don't have to be the only one coming up with equity.Find partners.Skin in the game is where it's at.There's a good reason banks talk of LTV and DSCR  when you apply for loans.The new government may get rid of all that as part of the coming repeal of all those "evil" regulations.Currently,on many of our duplexes,rent from one unit alone covers the mortgage payment.We believe that to be almost recession-proof.2.Location!