Bone dry since then.

After our initial learning period, many of us have our properties operating like a fine tuned machine.We believe we are the best at vetting our tenants because we have skin in the game.

What is your skin in the game?

If you do a lease-option, no need to give any option credits at all.I can also say our lease-option residents (mostly) act like real owners - they are invested and have skin in the game. 

There are many ways to skin a cat, I would just think about it and do the math and talk to people who are doing what you want to do, and I would do whatever gets you to take the most amount of action and move you as far forward as possible.Personally for me, I would pay a little more in fees to use some debt to buy a deal, for a few reasons. 

Lenders seem to be hip to BRRRR, and act like they want more of the investor's skin in the game than just increased equity from the reno, in the form of a 25-35% down payment.

That said we've had a really wet spring and are just finally getting some hot days to dry things out. 

If it isn't equity, than the OPM is in the form of a private lender and see above.At the end of the day, any lender wants to know there is skin in the game. 

Best use is dry powder when the RE market is down. 

Most have stopped these programs due to the secondary mortgage market drying up during the pandemic, but hoping to see this clear up soon.