If you've been approved for 100% and they want 10% down it's because they want to know you have some skin in the game.

I am thick skinned and open to learning.I have a 4 bed, 2.5 bath, 2500sqft SFR that I have owned for 6.5 years.

This gets irritating especially since you spent over 1 hour just waiting to talk to someone, now you are frantically trying to contact the tenant to go out and look at the system, or appliance.  

The borrower has zero skin in this deal5. 

The condescending message from his kid is what got under my skin but I stood by the lease and went from there.

You do the work of finding the deal, funding the deal with a small downpayment (you have to show you have skin in the game) and finding the tenant.

The market has changed a great deal overall since a few years ago; the no money down loan days are all but GONE. most investors these days need skin in the game; that goes for HMLs as well.

In other words, the borrower always needs to have some "skin in the game", which I feel is pretty consistent across the board.

Its the main ingredient in '20 mule team borax',,,it is all natural and cuts their eco skin so they dry out.

I think earnest money is great, but from my perspective doesn't really cause many wholesalers to have skin in the game since if they place contingencies that allow termination of contract with full reimbursement of the EMD, then the seller has almost zero insurance.