Lenders will require you to have some skin in the game.

Note that I do not put a lot of time into due diligence until the "contract to hold" meeting, when they put some skin in the game.At the "contract to hold" meeting, I collect an amount equal to one month's rent.

If you lack experience and capital then the seller is really taking a risk if they do a deal with you.No skin in the game means you can bail with little down side if things turn out bad.

:-/I did spend $500 when they called me a week later, but now I just consider that getting a bit of skin in the game.

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

Nothing personal, but if you don't have a proven record and some skin in the game, so to speak, I'd look for a partner on this one.  

I may have missed it above but will you have skin in the game yourself or are you looking for 100% financing for the deal?

Nice to see a fellow Samoan on here, and it looks like you've already got skin in the game.

Being a person who struggles to take action - having "skin in the game" was what I needed and now I am about to list my first flip in a couple weeks here.

It didn't quite hit me until you mentioned when I refinanced, I would have a lower skin in the game which would drive the COC-ROI percent up as well.