We have some skin in the game now but it doesn't seem like the bank will give us a line of credit unless we show some " regular income".  

Once you have that much skin in the game, you are very close to being able to do something without the aid of an HML.Then, you need to watch out for unscupulous HMLs who will WANT to foreclose on a deal and put it in their own inventory to sell to their own investor friends.

Just report it as mentioned, if they want skin, let the bank do it, I'd say, they will be selling for more so not really any loss there.

In my opinion it is the same as investors looking for a buyers "skin in the game".

And I'm developing the thick skin but I was curious if there is an average on how many it takes to get one accepted (I'm sure I know the answer but humor me please) ?

Doing these loans with low LTV's (Loan to Values) and with the borrower having enough skin in the game (their own cash), you can mitiagte risk.Another option is notes/paper.

Someone trying to take advantage will offer to do a walkthrough for "free," hoping to skin you later.Agree with Michael D. on this completely, where he was probably pricing this high figuring you were taking him for the sucker.

Too many bumps in the road with real estate to have thin skinned people to partner with.Lenders always want people together on loans.

I will do some sort of lending in the future, but no extended terms without borrower having skin in the game.

Some require your "skin in the game by only cash-out refi'ing 90% of the cost, etc.