We just refied out of that a few weeks ago... still have some skin in it, but well under 20%. 

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

Not wanting to put that much skin in the game straight off, and also wanting to stick to my buy hold rent SFRs in a fast appreciating hot RE market, I purchased a 2100 sq ft SFH on a very large city lot (66 x 150).

Cashflow will be tight... maybe it will be positive by the skin of my teeth but I should have significant equity. 

Essentially, the person selling you the property has longer-term accountability when they have skin in the game on the PM side of things as well. 

I prefer meat and potatoes over sloppy soup.In this biz, you also have to have a tad of thick skin, taking offense so easily on this board will slow your roll.

I'm looking to get skin in the game asap while I wait on getting pre-approved.

There is nothing wrong with FHA, yet how much skin are you going to put in the game?

They would have no "skin in the game" and no equity to boot.  

Keep in mind the banks will always want you to have some skin in the game so seller financing may not remove the requirement for you to provide a down payment. 2.