There are a ton of ways to skin the same cat if you just know how much you want per month in cash.

Hey Juan, when working with borrowers I usually look for somebody with experience (atleast 3 projects done), approved permits for the build, and at least 15% of the project financed by the borrower so they have some skin in the game (plus enough cash to close and make at least 6 months of interest-only payments).

They want you to have skin in the game on a higher risk second home and a HELOC does this since it is money coming from the equity in your primary home.For a second home you can find places that will allow you to put down 10% instead of 20%.

Once you build a capital stack and gain experience you can move to cheaper capital that may require a little more skin in each deal.

If your bathrooms are bigger and will see it - Should definitely think about going with commercial grade/hospital grade LVP stuff they'd put in a grocery store or on the floor of a hospital wing if you've been to any to do marketing you should be familiar with what I'm talking about.One of my flooring suppliers pointed out to me that the High end commercial grade stuff does not have the "texture" that the residential pieces do - it maybe can detract from the look but there is a practical reason for it - with heavy foot traffic (wheel chairs & walkers) they will constantly catch the edges of the textured stuff and it will wear much quicker and unevenly - also will make it difficult to maintain as dirt/stuff can get ground into the crevices of the texture.mmmIf you want to see what wheel chair & walker traffic can do to a floor in short order I'd be glad to show you our place...ha - we have old school VCT floors in our hallways and everytime after we get it waxed/maintained it looks good for about 3 days then bam - gets a lot of marks on it again and begins to look dull quickly.

Note that I do not put a lot of time into due diligence until the "contract to hold" meeting, when they put some skin in the game.At the "contract to hold" meeting, I collect an amount equal to one month's rent.

My skin is crawling...

any market has opportunities and there is a million and one ways to skin a cat.

Increases of lease income over life of lease further increase ROI.New construction is great for NNN leasing for property owner as exterior maintenance which is his/ her responsibility is non existent in a new properly built STVR.NNN leasing requires a builder and or property manager to have “skin in the game” based on building a quality rental and paying for high quality furnishings.

I think I have a self-taught MBA in business/real estate by now, but no sheep skin.