They at least need to have some skin in the game.

I'd suggest you think long and hard about setting your old house in a partnership, is that really necessary.... if your partner wants some skin in the game with that equity, provide a note arrangement secured by the property and you can keep things the way they are.

Here's wishing you have a very thick skin, your wife is an only child and she has very mature family members (her aunts, uncles and cousins who might also love to keep grandpa's or great-grandpa's property in the family).

Do they require skin in the game?

There are different ways to skin the cat and having a design professional help guide you through your goals and your budget can be a great return on your investment dollar and also provide options that can have the greatest "bang for your buck".

Normally 5-10% of the total amount needed so that we also have skin in the game.

I did the exercise with a commercial loan that I have and it's nothing to get too excited about :-)  Still, it's better than the bank checking account.Anyway, another way to skin the cat is to look at RoE (return on equity). 

I'm not thinking a huge amount, but something so they have skin in the game.

Fiberglass lasts longer, is more dimensionally stable (less bowing and warping) and is a bit more environmentally friendly but the inhalation of the powders produced when grinding, cutting or sanding the finished product is known to cause of form of Mesothelioma as well as the more common skin irritation.Aluminum will last the longest, and is recyclable.

@Tandi HufnagelHi Tandi,To go into complete depth with IRR, it will take an entire book!