With the hard money lenders, my “skin in the game” is much much less that what I’m use to paying.

Make sure you understand your coverage, and try to find a healthy balance between Value and Price. 

Go in with a healthy degree of skepticism.Second, I would tell her you'll work with her if she can provide proof.

I would have them invest something so that they have skin in the game. 2.

With a condo you want to make sure it has been well maintained, has a healthy reserve fund and check the history or special assessments. 

You will need some skin in the game to do a house hack. 

And again unless you're going to put some of your own skin in the game, you probably won't find a lender.Happy Halloween!

Don’t get stuck on sideline too long – likely will be a 10-15% reduction, not a 50% reduction like 08-09Reasons why:Total market leverage was just 42% of mortgaged homes’ values — the lowest number on record.Wall Street has shifted from debt to equity in real estate and have thousands of homes fully paid for that they will sit on - huge ballast to home pricesLast 5+ years investors have had to put down 20%+ down payments and have a lot of skin in the game with current portfolio- not willing to walk away from thatAll of those loans are at 3-5% and only those who truly HAVE to sell will - everyone else will just waitHistoric lows in mortgage balances overdue, with loans 90 days past due pegged at just 0.5%.

My purpose is so that they have "Skin in the Game"  and are not a flight risk and treat the property like I would own it. 

It hasn't burnt down yet and I'm about to receive my second rent check which is just over 2x the P&I on the whole place... for me, that's a success.Upsides to the deal: Healthy cash return (~15%) based on BP calculator and conservative assumptions, and the actual numbers are delivering well so far.