many (most) times, the lender will not consider a loan modification until you have defaulted. so if you default, your credit will be damaged.lenders want to make sure you have skin in the game. you signed a contract for the terms listed and if you want out of the original contract, you need to pay a premium.

Drywall repair and texture, new light fixtures and GFIs, electric service upgrades, windows, refinishing floors, and the list goes on.

I suppose if it's the latter the work would be in identifying those partners without a lot of skin in the game or experience. 

With a full structure rehab you are talking a lot of time and possible code and permit issues versus a skin job.

Most private investors want you to have some skin in the game.4.

This way he has skin in the game and an incentive to close the deal, because otherwise he will loose his EM.I look at it this way: if you get the deal then good for you, if get burnt you will learn a huge lessen on a small deal that will benefit you for the rest of your life.

I thought as long as entities had proportionate skin in the game, it was ok.My SDira presently owns 100% of a property that I purchased a number of years ago.  

Age of the buildingCompetitive new supply - Quality Inn tends to be on the lower end of the market so you'll probably benefit from a rising tide, but older properties are severely impacted by new economy scale or midscale supply enters the marketNOI margin should be >30% - if it's not, your RevPAR is too low or operations are unnecessarily fatIt may be of benefit to align with a third-party operator that has some "skin-in-the-game," where you step into a joint venture limited partner role with major decision rightsThis is a very high-level list that doesn't account for location, seasonality, and other factors that may have a material impact on performance.

like $200-$300 over the one month so the tenant has some skin in the game.I also collect late fees; it's amazing some people pay me the $75 late fee yet don't pay the $75 water bill; if they'd pay on time, they'd have $ for the water. :)

We plan to manage them for the first few years but not too long down the line I'd consider a property manager.I've been chipping off a thick 70's texture from the walls and we just discovered a badly rotten sill plate so I'm thinking less about granite counters today :) Still on that note, it's a very tiny kitchen so it seems worth considering for $1,400 installed.