Hi everyone, excited to get started! Specifically with BRRRRs and building up a solid portfolio of hidden gems. If anyone has any tips or tricks to a first-timer, feel free to leave a reply (especially curious about s...

a few other things I've pushed myself to do over the last few years:3) walk across glowing, hot coals4) break a brick bare-handed5) lie on a bed of nails6) break a beer bottle bare-handed7) execute a full side split between chairs (like Van Damme)and numerous other lesser "victories!"

Its not enough to risk it for... the Sellers must have skin in the game.

They will want 20% of that amount for skin in the game.Then the rehab money will be escrowed and paid on draws usually.YMMV from lender to lender.

This isn't a rant by any means, but if I were considering deals in the UofM or any area, I'd want a synopsis by someone with skin in the game there.

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. 

I think you have irons in the fire and they're all glowing hot.

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

Most will only loan 70% and they want you to have some skin in the game.Other options are for equity partner or Joint Venture partners. 

If the buyer doesn't have skin in the game then they aren't "in the game".