However, many portfolio lenders will want to see skin in the game so you may have to put some cash down regardless of how cheap you buy it. 

Typically the developer (often called the sponsor) will be required to invest some portion of the equity to have skin in the game.

You must have thick skin in this business, some call me a skin conditioner!

For wood floors, steam clean them and put on rejuvanate (about $16/qt at home depot) which lasts about 6 months or mop and glow (which lasts about a week) to make them clean and shiny, if you really can't afford to have them sanded.  

Haven't been able to get financing because we can't put skin in the game, so we gotta get creative.Our plan is to talk to the seller about doing seller financing, with the seller paid their interest (and the principal, of course) when the property sells post rehab.....so that would take care of the seller.  

If they are, the have some skin in the game to make this project a priority.

This would definitely increase your cash flow position and you would have more skin in the game for the mortgage lender.A couple years down the road, you could do a HELOC to pull cash out for your next wealth-building purchase.Good Luck!

A true buyer will put skin in the game, spend money and get inspections done, and make a legitimate attempt to close the deal if the inspections clear.

In order for both side to have “skin” in the game I have either a $50 a month pet rent OR one months security deposit.

I am looking for a mentor, not looking to share profits(unless I have some skin in the game), otherwise I am willing to do some of the day to day stuff that you don't want to spend your time on.