A lot of portfolio lenders dont want you to take more than your "own skin in the game," out before 6 -12 months either, atleast this has been my experience with WA local portfolio lenders however I am sure there will be someone out there who will do it or do it with enough financial wherewithal.

Yes, this stuff was much more a reality back before the real estate bust...the gurus haven't updated their courses, I guess...These days (as Bill indicated), banks aren't generally going to allow the seller to carry-back a portion of the loan -- they're going to want to see the buyer have some skin in the game.As for seller financing, it exists...it's just *really* tough to find.

The banks may also be concerned that you have no skin in the game.Mark

I applied for and received a 203k loan to complete the project by the skin of my teeth.

Unfortunately you can not always trust the report of the most current landlord, because they may have incentive to have the tenant move and could give a glowing report about the tenant to speed up the process.Mold spores are everywhere.  

There are several methods to skin the cat.  

We need to do a few wholesale deals to get some skin in the game.

Let's say they agree to give you $560k, they will then require you to have 'skin in the game,' and bring the balance of $240k cash to the table, to cover the difference.

PM me and I can help get your deal funded as long as you have skin in the game.

Insurance should never replace a deposit, plus there's the mental block that if a tenant doesn't have any "skin in the game", they will damage your property more.