Fix it fast: lead with a crisp one‑pager showing deal, numbers, security, and payback; put some of your own skin in; state risks and how you mitigate; then give consistent updates.

100%, "no skin in the game"? 

In other words 80% conventional loans, as ALMOST all loans, require the borrower to have skin in the game. 

(And there's fear of retaliation in reality.)STR management is not for the thin-skinned.

@Erik Roth - Your point on a lender justifiably wanting the borrower to have decent credit and some skin-in-the-game is valid - and nothing in my comment suggested otherwise.

Sometimes you just have to think, would I trust someone with $500k with no skin in the game or history to show that they will repay me? 

But if you're using traditional financing, you'll usually need at least 10-20% skin in the game.Bottom line—BRRRR is a powerful strategy when done right, but it’s not passive.

I have not reviewed BAM's fees but it's likely based on their representation of UNDER 10% "skin in the game" that most of their "investment" is taken from fees deducted from the money gamblers place with them and counted as equity in the deal; this is a common practice in the syndication industry. 

The company's leadership must have "skin in the game."

@Kyle DeboerEveryone is going to want to see some skin in the game.