The borrower should have some skin in the game.

82/105 = .780980% ltv should get you a loan, but lenders want skin in the game, like 20% down.Private lender should give you 80% ltv w out down pmt, I train in PLer marketing.

However if that would put you in financial difficulty I would go with your other option of renting out 1 or 2.

Re-appraised 6 months after each purchase / rehab should have you at 30%+ new equity based on your clever buying and value-adding, meaning you will qualify for 100% funding for the next one, then the next...Good luck to YOU if you aren't asked to provide any skin in the game!

Can you please help analyze this deal and what type of skin in the game i would need.House is in the heart of silicon valley.

These are based on difficulty and cost fixing.  

But you don't get all this money up front because they want you to have skin in the game.

Also, I would want them to have some skin in the game, so instead of just paying them a flat fee (say 7 - 10% of gross rent), I would prefer to pay a smaller flat fee, but give them a bonus if the property each year generates a profit above a certain threshold (say give them 30% of profits above a 5% cap rate).As someone who doesn't know as much (yet), I feel like this kind of partnering makes sense to align my property managers incentives with my own.

The less skin you have in the game, the more expensive the money is going to be. 

One note here is that this is in a small town, and I’m not there so finding a contractor was horribly difficult! I