And yes there seems to be some tainted areas in you plan, as to funding with your "credit partner" what ever that is....a lender is making a loan to someone else with the understanding that they are putting money down....what the lender doesn't know is that it's being kicked back so that the borrower has no skin in the game and his closing costs are being paid for outside of closing....starts smelling at that point.Why don't you just have an LLC, put others in the LLC in a passive investment and all the members just buy properties and you manage the LLC?

Being in RE is almost as bad as being in politics, so you need thick skin at times and it's not personal....And yes, you are right.....often my fingers fly faster than my snapse fires but I'll try to spell tenant correctly...LOL

If there are a bunch of issues here, it could make it hard to sell a note secured by one of these units.With that said, as you can see from the banks attitude, Cash Down (skin in the game/equity) will mitigate a lot of these issues.

I have thick skin and can take whatever you would like to dish out, but others may not be interested in hearing about it.

It also serves as "skin in the game" so that I know I'm dealing with someone who is serious and has the drive to succeed.And I also do deal splitting (which let's me keep the upfront cost down)....with leads that arise from the campaign we're both working.

The seller can pay for all loan costs, on a commercial loan as seller consessions, but when speaking of the down payment, ir reality, no, the lender wants to see skin in the game.

Around here there's been a trend to requiring EMD and inspections upon seller acceptance, in return for a binding contract.The largest short sale brokerage in Metro Detroit gives buyers two options:1) EMD and inspections upon seller acceptance, buyer can exit in 120 days if deal hasn't closed, seller is committed to that buyer as well.2) EMD and inspections upon bank acceptance, buyer can walk at any time but seller is free to sign a binding contract with another buyer at any time as well.While I'm sure you'd perform and complete the purchase, a lot of buyers (retail) would walk if they saw a house they liked better and had no EMD or inspection skin in the game, leaving the seller in the lurch.

Duplex is selling for 100K Rent Roll is 1800 per monthcost are 1400 per monthBank will finance 70% I want the bank to use equity to finance the other 30%Can I use that equity in the land as my "skin in" to get the bank to finance 100%?

If not I wanted him to have some skin in the game, so demanded a partial upfront at least or some other arrangement.Now on properties that would have a holding period on resale imposed by the lenders I used to have the seller sign a new contract with the buyer and pay me with a note and trust deed on the property to cancel my end which was paid off in escrow thus bypassing the holding period.

I am focusing on suburban cities with healthy budgets and good school districts.