You don't get a loan from a wise institution with no skin in the game and bad credit. 

I have heard there is a way to invite investors to split a deal with you even when you have no skin in the game.

Hello All! Just wondering if everyone else is running into what I've been running into. Called a couple of mortgage brokers I've used before (big ones) to see about a cash-out refi on a property so that I could extrac...

At that point the listing is dried up and the seller may be a bit more motivated.

You'll get all the money and none of the risk of someone who has no skin in your game from wearing out the house.

I’ve heard some mention that 30 yr DSCR financing for STRs could dry up as credit markets tighten/ recession impacts revenues … David G has mentioned on the podcast that these products “might not be around forever”…  anyone have any thoughts on that? 

Its not as quick and dry as I just explained above, as FHA loans come with certain requirements you have to meet.   

I've sunk $15K into the property since purchasing earlier this year (roof, siding, dry rot, electrical, water heater, you name it).

Well that's a conversation he should be having with his private money guy but I'm willing to bet the private money guy won't leave him high and dry. 

Typically though any PML is going to want any partner in the deal to have skin in the game, otherwise they're essentially a buyer/flipper and that's a different value proposition.