I would suggest building a strong team around you (Broker, Lender, etc.) or partnering up with an experienced investor for at least your first investment project in order to gain some experience and get some skin in the game so you are more attractive to lenders and investors.

The paying of points is my skin in the game so to speak.

Most of the other companies want you to have skin in the game which I totally get.

There are some really thin skinned people in this world.

For example, at 40% down, receive title to 30% of the units (leaving 10% skin in the game), etc.

He will also evaluate your track record of success (to be determined), your skin in the game (you don't want very much), and today's value of the property you're buying - not the ARV price you hope to get after doing your first rehab.

You're skin will thicken the more calls you take.Natedog

What i have found is that as a newbie it is almost impossible to get in on the action without some sort of skin in the game.

That said, I see time and again, sellers that have no idea how to run their park, and suffer the consequences.I think it can be a great industry, but you have to have thick skin, patience, and conservative numbers.Roby

I think it is a great idea to have some skin in the game but if you leverage might open you up to do a better deal.