So it is right to question 50/50 IMO, although they are putting in 30% skin in the game, assuming each of the two investors are putting in $250k each.The LTV is relatively low.16.6k/door seems like plenty for renovation without knowing the details.1.5% seems like a reasonable acquisition fee - if it is a syndication. 2% is standard.

This partial waiver addresses difficulty in changing markets with increasing property values and a shortage of housing supply.To address this, FHA is issuing this temporary partial waiver of the Handbook 4000.1 requirement in Section II.D.4.c.iii.

Price would be commensurate with the added difficulty and lack of transparency.

There are Many Ways to Skin the Cat and you are asking for it all with what we call, "Mao Beijada..."

There are many ways to skin a cat as the saying goes, and everyone's situation is different.   

Make sure that you have talked with a bank to see what you are approved for so you have some skin in the game when speaking with them

Long story short, we thought we were going to be able to get more capital than we were ultimately given, and we were short about $13k.I am trying to not be discouraged about this, but it's difficult.  I

It is the response of a Rhinoceros-Skinned REI Pro. 

"Skin in the game" is always important and just about everyone, from the seller to your partner, will want to see that you have some.

A new investor may have more difficulty than an established investor, because you are higher risk.