Really cool way to do it so all parties have some skin in the game.  

If you have the thick skin and patience for it, you may be able to make it work, but it wouldn't be something I would recommend. 

has anyone ever raised their skin in the game for a deal? 

STRs are not for the faint of heart or the thin-skinned.

This will save you on subscription costs.Regarding how to track properties & entities using QBO (Plus), there are different ways of skinning this but I'll tell you what works for our Clients.

The deal has enough skin on it that we will still make a nice profit (its a multi unit with other units so this isn't our whole budget) so thankfully just comes out be a learning experience.

No experience and no skin in the game will also be an issue with the lender.

You have to have skin in the game.   

How much skin in the game is the borrower providing?

And what kind of skin in the game you would have.