I'm still mulling this over myself), then you can still get some skin in the game and start building a portfolio that hopefully won't take long to grow and trade up through 1031 exchanges and so on to start purchasing the more expensive SFR, as well as MFR, which is when it appears to me you'll really start to hit your investing stride and bring in meaningful cash flow. 

Yes, this stuff was much more a reality back before the real estate bust...the gurus haven't updated their courses, I guess...These days (as Bill indicated), banks aren't generally going to allow the seller to carry-back a portion of the loan -- they're going to want to see the buyer have some skin in the game.As for seller financing, it exists...it's just *really* tough to find.

I have skin of an aligator :)That actually is one of the main reasons that I signed up and posted.

Kind of an interesting Banter going on here about HML vs Cash Vs ConventionalWhile I too have never used HML here are the things I think about with themFor easy math lest use $200K as the loan amountThe assumed qualifiers for the person who are looking to borrow are Solid credit, willing to allow 1st position to the HMlender, Able to have their own skin in the game vis a vie capitol for renovations etc… Targeted a real deal.My questions would be for Don Kanipol HML guy what is the cost of this 200K capitol for 120 days?

Then today (after about a week of back and forth) I finally figured out how this whole situation came to be:-Tenant paid rent around 1/5-Tenant disputed the payment with their bank (not Google Wallet) around 1/15-Their bank pulled the money back from GW-GW pulled the money back from meAfter several more irritated emails about how ridiculous this is (and them explaining how they can't fix it), the conclusion was that my options are to reach out to the sender and work out a solution or to file a lawsuit.  

I have tough skin but when an idiot calls themselves coming for me I react.

They will be the project manager and investing their time for 50% of profit; however, they don't have any skin in the game in terms of actual cash.Is it normal for me, as funder, to ask to have a loss allocation written into the document?

Then you have no skin in the game, just your credit score...and you lock in a lower interest rate.

They didn't have skin in the game and I couldn't force them to work harder and longer.

How much skin are you going to put in the deal?