Just got some numbers back from a hard money lender:"I can lend you 90% of purchase 90% repairs, not to exceed 65% ARV 12% interest only no points on loans under 100k $3000 origination paid at closing $995 underwriting close in 7-10 days"Seems reasonable since I'm newer to the game?

I really like residential multi family sfr, especially starting out because you can learn the game quickly instead of dealing with syndicating and dealing with commercial lenders which is a little more advanced.  

I have been on the sidelines and need to get some skin in the game.

Application, deposit and rent via the platform.

How much skin in the game will we need for being first timers.

I would recommend looking at some successful multiunit investors and what they have to say about entering the game in this asset class.

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

This is just a correction stabilization, a normal cyclical event in real estate.I'm jacked up that DOM is increasing, finally going to get back in the game for the right reasons. 

If I had a better understanding of her family situation, income, game plan for after a year, etc, I may feel slightly different.

At the start of the auction they may withdraw some of them.If you want to play this game you should have a number of properties in your pipeline.