If things start to head south I can get out with my skin intact.

They then pass investors off to a third party PM, which means the PM had no control over rehab quality etc (which can seriously impact maintenance costs and tenant satsifaction) and the 'turnkey' company has no skin in the game in terms of long-term performance.

Otherwise track record and skin in the game comes to play.

Lenders will want skin in the game on any conventional loan.

This policy is in effect desire to mitigate (i) the irritation and known health effects of secondhand smoke; (ii) the increased maintenance, cleaning, and redecorating costs from smoking; and (iii) the increased risk of fire from smoking.

Although, Real Estate require tough skin at times, having conscious is part of being human.

:Nobody is going to give you a 90% cashout on an investment property.I can confirm that, there has to be skin in the game and at that LTV you would have almost none and the lender would be left holding the bag.

Compared to your story it wasn't that bad - more irritating than anything.

Mark is correct.Usually they like at least 15% skin in the game when purchasing but like anything else, funding sources give you beter terms if you have a lower LTV.

Make sure you have tough skin and serious about your business.