I think they were just scammers all along but, whatever.It was emotionally upsetting and I know I will need to have a thicker skin going forward because, the more rentals I own, the more likely I will be to end up court with unethical, horrible people.

If she balks at the no money down idea, offer her something...maybe 2-5K to show you will have skin in the game.

The bank won’t even let you mortgage the whole cost...you have to provide some down payment so they know you have “skin in the game”

Mark is correct.Usually they like at least 15% skin in the game when purchasing but like anything else, funding sources give you beter terms if you have a lower LTV.

Although, Real Estate require tough skin at times, having conscious is part of being human.

Lenders will want skin in the game on any conventional loan.

If things start to head south I can get out with my skin intact.

Otherwise track record and skin in the game comes to play.

They then pass investors off to a third party PM, which means the PM had no control over rehab quality etc (which can seriously impact maintenance costs and tenant satsifaction) and the 'turnkey' company has no skin in the game in terms of long-term performance.

I’m not interested in managing (I have zero interest and not even want to consider it), and I see that PM will take more than 50% of the profits with no skin in the game.