The other is skin in hte game, if someone is putting 25% down payment, they will not want to walk away from that very easily and will fight harder to try and make payments.

So, again, a sponsor needs to have real skin in the game, not the illusion of skin in the game. 

This is a BIG issue when it comes to Realtors screening tenants as they have NO SKIN in the game, as after they get their commission they won't have to be accountable for tenant nonperformance issues!

Vet sponsors hard: track record across cycles, fee structure, downside scenarios, investor communications, skin in the game, and third-party references.Leveraging those gains into local rentals (especially mid-to-long-term) is a great next move and gives you more hands-on control.

Putting some skin in the game is always preferred.

That is the "shelter" - no skin n the game, but you still get an expense.   

I am doing my research on this market,  is anyone here familiar or have any skin in the game?

I know there's so many ways to skin the real estate cat and MHP seem like a viable one.Could anyone show me some example numbers if you've purchased MHP?

What's your skin in the game?

From a lender's perspective, you sound look like a very risky borrower.Hard Money is an short-term alternative to traditional bank loans and is more suited to rehabs and flips, but any lender is: 1) Going to underwrite the deal to make sure the numbers make sense, there is a clear upside, and plenty of wiggle room (and thus will expect you to come to them with a very clear picture of exactly what needs to be done, including a scope of work, detailed costs, and contingencies), and 2) Expect you to have skin in the game. 25% is pretty reasonable, actually.