Live from a nondescript bedroom in one of the 64 parishes of the Pelican State, it is I, Ronald, gracing my presence on the BiggerPockets forum.Okay, enough theatrics, here is a little about me: Single, early 30's, no...

(From what I hear that is the minimum skin in the game a commercial lender will do) Again, this puts you into another loan.

No skin off my tail any way you look at it, but the middle class and poorer aren't just losing the war, you're going to get creamed! 

There are HML's that will allow much less skin in the game.

Now look, I love helping people and giving away tools so that they can help themselves, but you need to put some skin in the game.

I will have $120K equity on the day I close.Don't you think that is enough skin in the game?

I think I'm stuck with the 'investment' grade lending (ie. 20% down), but I am very interested in learning more about using OPM for this and how little the banks would tolerate for my 'skin in the game'.

The HML will have to take first position and even if the owner would  take 2nd position they still don't like lending to people with no skin in the game.

So on the surface it suited me well as a primary residence (I wish I had found bigger pockets sooner to assess deals).  

Grow a thick skin and budget resources for legal process and property repair while coping with unhappy tenants/owners on their way out.