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

In the last about 7 years, I've read about 150 books about real estate investing, sales, and business management.I've talked to many lender in the last year and they tend to want experience and skin in the game   I have talked to banks, private money lenders, and hard money lenders and they tended to like experience and your cash on hand. 

If not, then put it back on the market.Buyer has some skin in the game since they've paid for inspections. 

Investing with a rookie with no track record, no skin in the game, etc. is just incredibly risky as (if things go sideways) it’s just too easy to walk away.Who knows, maybe you’re raising $200K from outsiders and putting $200K of your own money in for rehab, closing costs, etc.

@David Bellmont Yes, this is all possible.You'll need to obtain financing to purchase all the properties... and you'll need skin in the game or a gift of equity. 

Just someone who is happy to lend 100% of purchase without the borrower having skin in the game makes me think of a red colored flag. 

Other than that, real world says no one is going to hand out money to someone without skin in the game, especially if you're young.Good books to read:Rich Dad Poor DadMiracle Morning - just good lifestyleEdit:I obviously forgot to mention, when you buy your house, rent out other rooms to people your age. 

You're not getting paid a salary, so it's no skin off the agency's nose.The average time from shiny new license to first income is 90 days. 

They want some skin in the game other than the deal.

Loan to Value is another drawback, I am going to be looking for a min of 25-30% skin in the game on a purchase and 30-35% on a refi.