As long as they are in first position, AND you have skin in the game (seller financing doesn't count) then you have a deal.

I agree with you though having TRUE cash equity into the deals is far better than where we came from short of cash sales. and because of competition and the inner net turn key folks have had to up there game..

Hi everyone I live Los Angeles and am trying to work and get my real estate investing going at the same time it is not easy in fact it is very hard. just want to introduce my self and get it to the game on the site and make friends any advice would be a Gem.Wishing all the bestKevin

Regardless, you will need to have some "skin in the game" with all lenders.

@dave demarco congratulations on your first deal, way to take action and get in the game.  

Hard money is more expensive and still requires significant skin in the game.

Was thinking of using rental home for renters coming into town for football, hockey etc games.

You can find plenty of information yourself, publicly, without going through a full background check at this stage of the game.

But once you get into 5+ units, it becomes a different game so be prepared to spend some considerable time learning the apartment sector before getting into a deal (there are a ton of great resources available).

At least they are licensed and have access to MLS.. and because they have been in the game for years they fully understand the transactions and have some pretty deep pipelines..