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.

No skin off my back.

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.

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.

As a conservative investor, I am personally not comfortable in investing in any of those platforms as I prefer sponsors with a lot more experience, a lot more skin in the game, better fees, a model that can be recession stress tested, etc..

They want you to have some skin in the game.

As an investor myself, fully capable on closing a deal (yes, I can get hard money, put up my capital, or my 20% as a skin in the game, buy, fix rehab the prop and sell on market, or just hold and sell), I have ZERO fiduciary duty to seller.

I've got to skin this cat!

Real estate agents and investors have all gone through it.Gotta have thick skin in marketing.