Anything less than that, and you're increasing your risk, as your seller will not have enough skin in the game.  

And the same thing with projected returns.I'm an accredited investor, so I usually don't invest in the nonaccredited funds because many (although not all) of them have such high fees , low skin in the game, etc..

The less experience you have, the more skin in the game the lender wants from you.2.

the downside to a term is what happens if you need life insurance later, but your term expires and you're not as healthy as you used to be? 

i appreciate all the responses, gotta thicken my skin a bit from the looks of it.

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

Live as cheap as you can while you are young and can tolerate it... the harder you save now, the sooner you will be able to move up.Not money related but still important: in your 20s you are young, healthy and resilient... don't abuse this.

In and around Nashville if you want anything greater than a duplex you’re definitely paying a bit for it or maybe paying a healthy amount but will need work.

@Roger Roth I think the answer to your question depends on who you ask.I personally think it's starting to slow down and the conditions are just not right for s healthy market.Things like longer DOM, larger than usual inventory, climbing interest rates, are all tell take signs on an impending market correction.I don't think it is a widespread slowdown yet but seeing several homes sit in the market for 5-7 months,bothers me

There has to be SOMETHING I can do, SOMEONE who's passionate about healthy marriages who have never fought or caused disruptions and want with all our hearts to live together.