And, the lender would likely want to know why the A ins. co. is not paying the full loss leading to your deal.We recently had a comment about the DOS clause not being at all common in Texas, where you can't do a CFD, consult with an attorney and see how insurance is addressed locally in an installment transaction.Use the Sub-2 when it is appopriate, it's not always the best way to skin the cat.

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.

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.