You have to have some skin in the game or else why would anyone risk their money on you?

Sort of forgot about them, looks like my property was "approved" with them but that's the last I've heard from them and this was last December.

Let me know if I need to move it or send to your "Build your team" team.DaveThat’s definitely not the sort of assistance most investors need here  

I have had this situation come up several times this year, in multiple states, Lenders want to have the borrower have skin in the game at this point in time. 

The one syndication I entered wasn't advertised and the fees were much lower for the GP and the GP has much more skin in the game.

While I am sure there are good operators on those sites, my impression is it is sort of the lazy way out.  

For instance, with STRs, why won't an investor spend an hour on AirBNB for their area to identify listings that:1) rank the highest2) occupancy 95%+3) ADR $750+4) hosts have 2+ properties5) listings are branded with 20k+ Instagram followersetcThen, reach out to those top operators; as many don't have the time or gave up on cold outreach, yet they've done the hardest 90%, have skin in the game, and outcompeted thousands of listings nearby.

The tenants have skin in the game so wont mess up (e.g., not pay rent).I'm sure you'll get it rented soon; but just wanted to share an outside-the-box option that was successful for me.

That sort of thing.I wouldn't buy a condo in a place where it isn't focused on vacation rentals.

Another lost his primary residence plus his vacation rental and will be staying with me for the next month while he sorts out his home.