Some skin in the game from the borrower is a must but I am unsure what is working out there.

It's just the nature of the business. 

s largest industry, beating out other areas such as tourism and natural resources.Eric Tang, one of the condo customers, said he's looking to downsize, but also wants to make a smart financial move.When asked if he thinks condos are a good investment, he glanced at the line and said, "I hope so.

And since you already put your 20% down that is your skin. and then you pay rehab out of pocket.. so it allows in our market someone is 100 to 150k liquid to buy a foreclosure.. now when you add on all their points 14% interest rate their buying fee etc etc.. the deals become PRETTY SKINNY.. and most that do it are newbie types..

Oh and always get an earnest money deposit to make sure they have some skin in the game so you can take them seriously. 

You also lose the passive nature of rental income, in case that is necessary for some reason.In a C-Corp, the corporation pays income taxes.  

Naturally, sale prices are increasing.

However, the first lender may feel uncomfortable with you not having any personal money in the deal or "skin in the game".Another option that may be even more plausible is to partner with a private lender.

Because this is all very new to me, I was hoping to reach out to the BP community to confirm the website for the auction - www.waynecountytreasurermi.com - I'm not from Detroit, or Michigan, and am a little thrown off by the ".com" nature of a government website.I know this probably seems like a newbie question - but I'd like to confirm I'm registering 10k in the right place !

That's why my lease does not say who to install shutters, and there is also the "...not responsible for any natural disaster..." clause in there too.