Sure the double deposit helps the landlord a little bit but it still doesn't really mean the tenant has any skin in the game.

Thank you.Sorry you have such thin skin and feel forced to covertly call me names...cute, but childish, and likely one of the reasons you're in the situation you're in.

Maybe because they're handed so many things for free they don't have much skin in the game or something I don't know.

That means buying distressed with skin in the game (down payment, rehab funds, network of solid contractors, partnership split, etc.), adding value, and building a track record.

And what kind of skin in the game you would have. 

No skin off my back.

@Anna Sarvis, I understand the property they were first looking at is likely no longer available (likely because houses fall out of contract all the time).There are a lot of ways to skin this cat.  

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

For instance, with STRs, why won't an investor spend an hour on AirBNB for their area to identify listings that:1) rank the highest2) occupancy 95%+3) ADR $750+4) hosts have 2+ properties5) listings are branded with 20k+ Instagram followersetcThen, reach out to those top operators; as many don't have the time or gave up on cold outreach, yet they've done the hardest 90%, have skin in the game, and outcompeted thousands of listings nearby.

If they don’t have any skin in the game and in fact they make more money keeping late fees and making another lease-up fee plus whatever they make processing the eviction that’s what they’ll keep doing and that’s not going to end well for you.