Or sometimes it's that same scenario but I put "skin in the game" so I can get higher equity. 

Lease option, buy and hold, owner finance... there’s many ways to skin a cat

I am currently 18 years old i don't have any skin in the real estate world i live in a small town in northern Pennsylvania most of the local investors are residential investors .cap rates aren't strong though there's a lot of opportunities in residential i am interested in multi family to look for better Opportunities and Relationships.

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

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

When you invest in a price point that is half of the median you have only two exits ONE is to an investor who will pay pretty well  ( IE turnkey buyers ) or a wholesaler that will skin you a live LOL..   

I will likely use seller financing at 5% with $0 down and cross collateralize another property to put some "skin in the game" on this deal but do not want to overpay.

I want to be fair to the both of us.Thanks for your time. as others mentioned, I have done similar where we would do a 50/50 split and if there are no profits they would get any money back first since the are the ones with skin in the game.

I know the podcasts and books speak about being in a deal with zero skin in the game, but that is an outlier situation not the norm. 

I write down the persons name along with some notes that I don't let them see like "the guy with the crazy hair and leopard skin pants", whatever will jar my not so great memory.