With conventional loans, portfolioed loans held, they may allow an assumption, pretty rare today as it's better to originate a new one, otherwise it's an assumption with qualification, much the same process and the skin in the game may be an issue.

Find your niche, trust your gut, grow a thick skin and remove all negativity (like those saying your market is dead).

I have another that the outside doesn't look too good now but I am redoing the inside leaving alot of the walls and just texturing to cover up some stuff and go for a different look.  

I can't tell if that's a bad texture job or if there's something that has shifted and caused the wall to crack.  

The best thing you can do starting out is partner up with an experienced investor for your first few projects to help you get some skin in the game.

If that represented true skin-in-the-game, there wouldn't be a need for Dodd-Frank regs.  

I was wondering do they require you to have some skin in the deal?  

The bank would see that that you have little to no skin in the game and not be interested. 

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

On big jobs you need a little skin in the game so to speak so a deposit isn't crazy and it puts you on the schedule.