Otherwise, you'll need to save up some skin-in-the-game if you want others to fund the majority of your find.

We are having HiLine homes do the building and have already given them a 15k deposit so we have quite a bit of skin in the project with that and owning the lot outright.

Seems kind of crazy to me to invest with someone who has no skin in the game or actual hands on experience but somehow they do it. 

You're offering just over half the listing price with no skin in the game.

It depends on the thickness of your skin and your stomach.

So much knowledge to soak up...I'm just getting started and have very little skin in the game.

I'm in the SF Bay Area and my predominate factor is [the amount of time I estimate for rehab (I'm a contractor) and the closing time and the average DOM (days on market) before I expect to receive an acceptable offer] vs [the amount I can potentially make.]For example, it may not be 30% margin (less 10% holding costs) but if I can make a hypothetical 50k on a 6 month flip on a deal where I have 150-200k of skin in the deal, I will deem that as acceptable--granted I factor in a healthy cushion for additional holding time and additional rehab cost.

I will have skin in the game, just not very much maybe 25k or so. 

(distressed)5.What are some characteristics to look for in a great deal- ARV and rehab cost6.What should you be on the look out for when going door to door or driving for leads- Have thick skin when you get rejected 20 times in a row.

I have one really good friend is really ugly, teeth problems, a bad skin condition, his hair is even worse than mine, and he actually dresses so bad you want to scrape stuff off of them.