Thick skin.  

You need thick skin to accept all the "F" bombs and phone slams from the follow ups.

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

I believe it was already mentioned but the increased lending restrictions by banks really weed out the bad investors because they are requiring much more skin in the game.

As soon as it's realized how much work it truly entails, and how much of a numbers game it truly is, and how thick your skin needs to be, the "students" bail.

And as Jerry mentioned, some skin in the game, for both parties?

From a lender's perspective:Points are another way of describing the origination fee, which the lender is charging in order to cover their costs on the appraisal, comps, etc. to make sure that they're getting involved in an acceptable (to them) deal.Also, recognize that points are a (relatively) cheap way for the lender to get the borrower to put some skin in the game.Finally, they charge points because they can.

[Life Audit] 🤔As Brandon says, there are many ways to skin a cat.Your answers (no right or wrong) to this questions should help you determine your next course of actions. 

The old saying goes "there is more than one way to skin a cat". 

Just because seller financing is involved, they will want you to have real money in the deal, skin in the game.