Anything alligator skin looking will have to be replaced but just black wood you can Kilz it to alleviate the smell.  

OOS investor is convinced that selling a portion of the property to his PM will add skin to the game for the PM to stabilize property more rapidly.   

Our site is super sensitive, because of previous spam attacks.

thank you all for your opinions but I see some are getting a little to sensitive so let me clarify this. again I'm not knocking any because if it wasn't for my realtor I wouldn't be getting the deals right. what I'm trying to get is a better understanding is if it's worth getting it at retail price.

If there is one thing that gets under my skin is someone who doesn't stand up to their words.

It's important to do modeling and run sensitivity analysis to stress test your assumptions.  

If you're buying rentals, do a sensitivity analysis and make sure you will cash flow even if vacancy increases or rents drop.

They usually want you to have skin in the game, so probably 20% down again, but at least with flipping you'll get the money back, plus your profits, within 3-4 months (If everything works out of course). 

If you're putting up 100% of the capital and they have no skin in the game that's a red flag to me.

Lot's of renters tend to have rough life experiences so are ultra sensitive to anything that is perceived as taking advantage of them.