The HML will also look for YOU to have some skin in the game - say 20% of the rehab cost as cash on hand, so the HML might lend you only 80% of the rehab cost.

She came to me and said there was something wrong with the electric ,it was more than what the previous tenant was paying .I asked her if she used the oven , did laundry , blow dry her long hair , and kept the thermostat set to 70 degrees .  

The borrower has skin in the game and will lose out on some money invested as well as a good amount of profit if the deal goes south.

If you choose to have a % of the deal you have skin in the game.

When the rain lets up and the ditches dry, that project will be moving forward.

There was laundry drying on my tree limb.

Or if this is stupid or not possible I have thick skin, so I can take some laughs.Thank You in advance- Brian

Chances are, all the built-up equity, which I plan to transfer would dry up fast and get us in a bind!.

That way the down payment wouldnt be so much of a stressor (but I would still put in some money to have skin in the game) and we would both make out better than 700 a monthJust my two cents.  

Financially what is considered “skin in the game”?