You have to have tough skin and go through 100 no's to find one yes. 

They tend to charge a much higher interest rate, or at least a decent equity split, since the actual borrower doesn't have much skin in the game.

She also thought there was a potential to split a lot off the property which I have found that is not a possibility by the building dept. or a survey co.My intention was to offer her 130,000, utilize a hard lender for this and 50,000 rehab and I have 50,000 for "skin in the game".

Unless i'm wrong and some banks are now lending 1-4 loans on 5+ unit properties.So most likely you will be looking at 25-30% minimum down payment, as most lenders will also take into account you have no history with RE, so they'll want you to have more skin in the game.

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) ?

., what you write is irritating, but I'd actually be irritated with your electrician.