Hey all,
 
I'm looking to get into real estate investing in the Columbia and Luzerne county areas in PA. My wife and I are limited on funds, but what I've been hearing on podcasts and YouTube videos about Repository S...

I would opt for a coin-operated massaging bed first, then progress on to the lights for your next capital project. 

Lenders want to protect their investment not because of possibly you but your profile (little equity / assets etc) which is common for someone in their early 20's - want to make sure skin in game.

I am considering using a HELOC to cover my skin in the game. 

Most people are going to want you to have skin in the game, time is the most valuable resource and with most deals being so tight these days, mentoring someone just doesn't make sense for most people. 

The main idea is maybe you could head these inefficiencies off and proactively build trust by putting skin in the game by formalizing your relationships and position in the deal.  

No skin off lenders' backs if borrowers later defaulted, since the mortgages were backed by the government.In 2007, 35% of new FHA borrowers had debt-to-income ratios above 43%.

Typically with owner financing they will want 20% down to protect themselves and make sure you have skin in the game.You could propose it but just wanted to let you know that this is not a very strong offer. 

The fee will allow them to be more committed and more skin in the game.

Honestly I can’t believe the seller is dumb enough to let you buy with no skin in the game as they will be in second position.