Most HML want 6 months of reserves, and skin in the game such as downpayment closings costs. 10k is usually not enough especially if you are looking at your local market.

Last night, I came across a very interesting program in Baltimore called the Healthy Neighborhoods Rehabilitation Loan.

After doing a healthy amount of research and learning via reading and speaking with a couple current investors, I am looking to see if anyone has any experience with college rentals.

It's on a crummy looking street in a good area (half the surrounding properties made my budding wholesaler Spidey-sense tingle), a healthy but not unreasonable bike ride from a strong tenant draw and stumbling distance from nightlife.

westport/plazaGoing to be hard to get deals because you're competing against home owners or landlords trying to exit with healthy profitWestport runs the risk of becoming too ghetto to justify purchase price...Plaza expensive but "easier" to get higher rents and better rental pool to waldo/brookside Waldo lot of home owners go after cheaper houses and they are mostly old.

Really owning the RE is very little skin in the game unless someone was funding operations to get going.  

Its all a learning process, eventually ill develop thicker skin along the way.

They do want you to have some skin the game so that's where the 20% down payment comes from.

There are definitely hard money lenders out there that will look at the investment itself as collateral, but you must have enough skin in the game.

Most of us have some skin in the game, we’ve done our research and have been through the struggles in one way or another.