@Jordan Sutherland Your sweat definitely worths %50, also his money worths only %50.You are managing it, you have your skin in the game, you are a realtor, and have experience, so 50-50 is more than fine.

You need to have skin in the game and bring some money today or tomorrow as 70% of 160 is 112 so you would be short 25K plus interest potentially at refi time. 

Very simple way to check the cap is, once you remove it, stand it on a flat surface.  

Will be with contractor tomorrow to see if there any repairs needed.Keeping my fingers crossed, but so far so good on the surface at least :/

I've read your posts and it's quite a rockstar kinda life if you have the personality for it :) Your deals are pretty awesome.Agree also with the fact that good luck finding a lender that will finance you when you got no skin in the game (no money).

Sometimes you can get the seller to hold a second mortgage for some of this - maybe all if you are lucky - but the bank will likely want to see you have some skin in the game.

Do you have someone willing to loan to you if you have no skin in the game?

Ceramic has a different color under the surface. 

@Jon Latorre yeah when I see traditional decor like Mickey Mouse wallpaper in Orlando or bear skin rug wood cabin in Lake Tahoe.

The more the buyers spend, the more skin  they have in  the game.