I agree with Jay, I want to see the numbers, the experience of the sponsor and how much skin they putting in the game.

I stick to sponsors who have at least one full real estate cycle of experience with little to no money loss...ever, conservative leverage, high skin in the game, reasonable compensation ( so they aren't incentivized to push the risk envelope) etc. 

Not wanting to put that much skin in the game straight off, and also wanting to stick to my buy hold rent SFRs in a fast appreciating hot RE market, I purchased a 2100 sq ft SFH on a very large city lot (66 x 150).

Cashflow will be tight... maybe it will be positive by the skin of my teeth but I should have significant equity. 

Essentially, the person selling you the property has longer-term accountability when they have skin in the game on the PM side of things as well. 

I have partner 50/50 with new flippers, but they put half the money into acquiring the house and repairs, and I pay the other half but I use my crew to do the flip. the other person needs to have skin in the property otherwise, I just pay them a wholesaling fee.I recommend starting by using a hard money lender, as they will take risks when someone is new, and they won't lend you the money unless they feel confident the deal is good. so you are confident you can be successful.you may pay some hight interest rates, and points, but at least you know you may make money at the end 

No skin in the game. 

I prefer meat and potatoes over sloppy soup.In this biz, you also have to have a tad of thick skin, taking offense so easily on this board will slow your roll.

I'm looking to get skin in the game asap while I wait on getting pre-approved.

There is nothing wrong with FHA, yet how much skin are you going to put in the game?