Like Jeff said, get a nice chunk of cash down, at least 10%+ minimum to make them have some skin in the game :lol:

With no skin in the deal your chances are zero getting it done.

There are many ways to skin a cat and Real Estate Investing can be just one part. 

Reason I ask if you are getting a  loan they will want to make sure you have some skin in the game.

Any lender will want your skin in the game. 

My wife is a very busy residential agent here in Richmond VA, and I am a busy facial plastic surgeon.

That's my job in life, to make deals work.If I see that you have a decent deal, you have skin to put in, your credit isn't total trash, that you understand what needs to be done, you have a simple concept of what to do, you come across as truthful and there is an ability to pay, well, hell, you got the money!

You also need to get rid of that GM as they can't carry any water and has no skin in the game.You can fry that GM, move him out and look to others who have the ability to perform to move in, a PM should not be in the mix of ownership without the ability to carry off their share.You and the others may end up buying, but you need to see your attorney IMO. :)

Note that I do not put a lot of time into due diligence until the "contract to hold" meeting, when they put some skin in the game.At the "contract to hold" meeting, I collect an amount equal to one month's rent.

They have more skin in the game then you do.Make sure you get clear title.