They have more skin in the game then you do.Make sure you get clear title.

It was recommended to me that I collect a refundable performance guarantee fee from co-signer so she has some skin in the game.

Many wholesalers have no skin in the game and if they can't find a Buyer--tough for Seller.

Make sure you verify the labor and material costs you are paying, I mean absolutely sure because you really do want to understand his skin in the game. 

The fact that it is in foreclosure means little except that you may be in a time crunch to perform and that you are dealing with an extra sensitive situation and distressed owner/borrower.

Wholesaling is mostly like any other market with a low barrier to entry: it's filled with people who have no skin in the game. is it possible?

In other words, gold mine is mostly for builder since they are taking the biggest risk and land owner get the least since they have least skin in the game. 

She would manage the property and I want her to have skin in the game. 

If she is complaining also of headaches, has red rosy skin (mostly in face), or increase in fatigue you might want to mitigate a potential law suit. 

I'd need more data to confirm, but I don't necessarily thing your first PM was honest, I just think your first PM was good enough that you didn't question your confidence in them.I think you learned from this that you need to be way more involved, and more hyper sensitive and reactive to red flags.