He has no skin in the game. 

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

Thanks  The main thing I look at aside from a reasonable wear layer and pattern & texture (hides scratches) is the quality of the locking system.

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

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?

Having skin in the game is better than having no skin in the game.

@Chris Seveney, I’ve seen the same: anything below 1.0 rarely gets over the finish line unless there’s serious skin in the game or a story that makes the lender comfortable.