He got into office with lies and the color of his skin PERIOD.

Just sign up now.This.....this one really gets under my skin.

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

In a lot of cases you would just irritate your own tenants and may get a reputation of being a landlord people shy away from.

Just know that they will ALL require you to have some skin in the game, some more than others, that's just based on how much risk each one is willing to take.  

Since writing the above I've done quite a bit of research,  and considering my seller are Banks,  and my buyers are cash,  and I have to put up $2,500 (which i don't mind doing,  i consist it skin in the game) before the seller will make a decision to accept my offer,  if they don't accept, and i don't successfully counter my finds are released.

What I really want to know is: will hard money lenders consider the Closing Costs associated with the Purchasing of the initial distressed property to be part of the purchase price or does the borrower have to take care of that as part of having "skin in the game?" 

As a Bird Dog you have "no skin in the game".  

While it is possible to successfully syndicate a deal without a track record, (1) it will take a lot longer (2) cost a lot more in marketing, advertising, etc (3) the profit split will have to be MUCH more favorable to the passive investor (4) you probably won’t be able to cover out of pocket acquisition costs upfront, but will have to wait until investors have been paid back in full and (5) you’ll will probably have to line up professional property management and won’t be able to manage and collect a management fee and finally (6) you’ll need a secure third party escrow agent to handle funds as investors will be reluctant to wire money directly to your company.Quite frankly, I just don’t see how someone without a verifiable track record of substantial investment success, a stable of investors willing to put up some initial investment capital, access to better than market deal flow, knowledge and experience to professionally analyze investment opportunities, and capital to invest to have skin in the game is going to be able to successfully syndicate deals of any size or quality.

I apologize for this long post, theres not much that gets under my skin especially online because we know anyone can say they know about real estate and pretend to be a sucessfull investor...But throwing a company i work with under bus to potientially destroy their name that dosent sit well with me....smh