Honestly, it seems like you’ve got more skin in the game than I do since I’m just getting started as a bird dog, but I really admire your approach.I think your focus on tax-efficient strategies and building a reliable team is spot on.

Fannie is now also requiring the GP team to have significant skin in the game. 

@Kyle DeboerEveryone is going to want to see some skin in the game.

Some/many lenders don't like a 2nd mortgage behind their first (like the skin in the game), however there are both bridge or permanent financing options out there allowing you to leverage anywhere from 90% CLTV - 100% CLTV, but don't expect good terms...

Address Your Financial ProfileBridge the Revenue Gap: Highlight your equity in the duplex and use your sale proceeds to demonstrate “skin in the game.”Partner to Compensate Experience: A financially strong and experienced partner can help offset your limited track record.Focus on the Land Deal: Secure the land at a good price, as it’s a crucial step in gaining credibility and attracting partners.Final ThoughtsYou’re entering an exciting and impactful space in real estate development.

@Brice Alef-Torrisi, there's lots of different ways to skin this regarding entity structure and financial account structure.

I have a few lenders who do but they still require some money from the borrower so they have skin in the game.  

I wouldn't be opposed to having a little skin in the game (closing costs, inspections, etc) I would be living there paying market rent and doing the improvements myself.

There are many ways to skin it but I would go ahead and upgrade to QBO Plus.

The odds of default go up significantly for those who have no skin in the game.