Hi @Erik Kubec.The passive-income LLC with a solo401k cat was skinned already here.

When they have some skin in the game, they’re more likely to have a vested interest in their home AND the park, which is the type of tenant you want.

And as Jerry mentioned, some skin in the game, for both parties?

If your contractor does a bad job and you pulled the permit, no skin off his back if he walks away, other than you taking him to court, if you can find him.

But you can't count on another lender to look out for your interests, and certainly with 0 skin in the game, borrowers behave very differently than if they had tens of thousands at risk.If this is such a great deal, why isn't the original HML in first position lending the whole thing?

Grow some thick skin and don't get involved in tenant drama.

As soon as it's realized how much work it truly entails, and how much of a numbers game it truly is, and how thick your skin needs to be, the "students" bail.

But what I can tell you is if you want to reach out to sellers directly, you need a thick skin.

Talking with people and facing rejection and insults takes a thick skin, and not everyone can develop it.

I know in this business you are supposed to be thick skinned but you are also human sometimes.