They wanted to be certain that I had at least 20% skin in the game.  

I know you have to have a thick skin for real estate, but this is a mix between and spider and a worm..... the most disgusting things on the planet.How do I get rid of them?

I have found, I made the best decisions when I has skin in the game.

. $500 for only 2.5x rent and $1k for an eviction)You may still screen out a lot of folks this way, but the folks you keep will have more skin in the game.

Generally, these have higher fees, less skin in the game and less experienced sponsors, but not in all cases.

Not only does coming up with the money for a security deposit show some level of responsibility, it also gives the tenant some skin in the game.

The only challenge is that we don't have any 'skin in the game' when it comes to REI.

I can 'analyze' a real estate deal much better than a stock.However, I just hope the day never comes when I have to go around collecting rent in fresh vegetables or possum skins or whatever my tenants have to barter as rent.

A good local property manager you intend to use has skin in the game and can help with the eyes on the ground.  

The bank will most likely want the property to be in his name, so using the LLC might not work anyway.Whatever way you do things, and there are plenty of ways to skin this cat, make sure everything is in writing before hand.