He has no skin in the game. 

For the down payment, most hard money or private lenders will want you to have some skin in the game — usually around 10 to 20 percent of the purchase price, depending on your experience and deal strength.Always budget extra for closing costs too.

I don't agree with not having skin in the game.You are borrowing other people's money to get involved in real estate or oil and gas.If you don't pay the note, they will take the property / investment away.

So I require skin in the game (average is 5% to 15%) to offset this.

Quote from @Deon Johnson: @Shiloh Lundahl I have talked to mentors and other investors I got the same response so I have pivoted to a wholesale deal with a small fee just to get experience and skin  I think that is the correct move

Many first time homebuyers struggle to have any skin in the game in the first place.

Naturally I didn't think anything of it since it is the nature of the business.

Pittsburgh is where we are going to settle down and we plan to then expand throughout Appalachian states.We have property management experience and personal funds to put skin in the game.

But it’s a reminder that “buying at the top” with minimal skin in the game can hurt when the market shifts, even slightly.Early signs of trouble or short-term noise in specific metros?

Just looking for some feedback on the deal given the current nature of the market.