That's not included rehab costs, r.e. agents / attorney fees, closing costs, insurance etc and you'll still need some 'skin in the game'.There are even JV offers on earnest monies (they'll put up the full amount of the EMD) that I've heard of.

We just felt if the customer had a little "skin in the game" they would be less inclined to pull a loan that we were currently working on. 

However, I generally collect a deposit so that they have skin in the game and less likely to walk away.

"You can shear a sheep many times, but only skin him once."

The positive part is you basically have a mentor that will qualify your deal for you and help you be successful because that have skin in the game.

It is no skin off my back!

People get "funny about their money".You need a thick skin in this business.There is something called "defamation of character" and if she puts things in writing that you have documented about how she is going to ruin you she is not smart.

You can try to get the seller to agree to a thirty day window for you to find an end buyer and only have as little as $10 of skin in the game.

You put some box on it to prevent turn-off, tenant shuts off a circuit breaker that feeds that system electricity.Tenant + irrigation = Landlord + irritation :)

You'll also find that getting involved that regardless of what kind of agreements you have made when it comes pay day, you can easily be cut out if you don't have real skin in the game.