You will learn to have thick skin in the property mgmt business.Good luck

Ever read "Acres of Diamonds"Then you may want to look at how you can Finance your Deals, even w/OPM you need some skin in the game.

I would be willing to put more of my own skin in the game then the standard 10% to make it work.

Depends on the HML most want you to have at least some skin in the game but if you find a deal at a low enough price they might lend solely on the strength of the deal.10. 

@Derek V.Thanks Derek, appreciate this... and thanks for your kind words.As they say..... there are many ways to skin a cat.......What the bank has determined as its true value for me it what matters, I am not selling. 

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

The idea being that they don't really want you to get all your cash back quickly, because they want you to have "skin in the game."

Always make sure they also have skin in the game.Other option would be to invest in yield based syndications, which are similar to private lending as you get interest only payments back monthly, do not have to worry about finding the deal, and the returns are very similar or better if the sponsor structured the offering in ways that could provide tax preferential treatment (dividend vs. ordinary income). 

Unfortunate for us newbies trying to get some skin in the game...patience is key I suppose!

However, if you're looking to test the waters --- I would start with a small SFR or a 1-4 unit that doesn't need extensive rehab to get some 'skin in the game' first.I've helped many out of state investors from BiggerPockets reach their goals in the Indianapolis Market.