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.

Most of them, however, want you to have skin in the game, so if you don't have enough for the down payment, look for someone you know to partner up with. 

You can be inoculated by exposure to an infected animal's saliva in contact with a break in your skin.

It never hurts to try and get some skin back from the seller on inspection items.

@Marco Grier Quicken does still have some skin in this game....they originated it for fha, fha can make them buy it back if it is defective (not a first lien, which right now it is not).