(distressed)5.What are some characteristics to look for in a great deal- ARV and rehab cost6.What should you be on the look out for when going door to door or driving for leads- Have thick skin when you get rejected 20 times in a row.

However I'd suggest stating facts about the property that are costing the homeowner money WITHOUT coming across as an irritated neighbor.

I have one really good friend is really ugly, teeth problems, a bad skin condition, his hair is even worse than mine, and he actually dresses so bad you want to scrape stuff off of them.

The bank won’t even let you mortgage the whole cost...you have to provide some down payment so they know you have “skin in the game”

@Darcy Reynolds - you're lucky to be wrorking in the field as a realtor, you have a big advantage and network of resources, I know you can do it.. dont wait to jump in :-)@Joe Edwards - LL at "punch you in the face" type of industry... it definitely is, and I've been punched in the face a few times, but you're right, it gives you tough skin and prepares you for success!

Note that I do not put a lot of time into due diligence until the "contract to hold" meeting, when they put some skin in the game.At the "contract to hold" meeting, I collect an amount equal to one month's rent.

Your great credit helps a lot but lenders like to see some skin in the game (either your own or a partner's skin).  

Sub-letting homes gets very tricky, there are better ways to skin the cat, IMO, but good  luck :) 

I was concerned a HML would slow-play draws for DIY materials.....or inspections for DIY are typically onerous, nearly impossible, and it's a lenders way of shaving %'s off their loan to value as a way to get increased borrower skin in the game. 

After reading these responses it seems obvious now that Method 2 could irritate people.