They need to have some skin in the game.

You need thick skin, lol this is just the beginning!

And we all know that "skin in the game" money results in a huge equity multiple for any GP (otherwise why do the deal?)

Obviously my dad was the one with all the skin in the game but i knew I had a learning opportunity.

Quote from @Natalie Stanley: There are many ways to skin the cat.

So, basically, if you're splitting hairs over ownership percentage, here's the deal: Your partner dropping $40k on materials means they've got 25% skin in the game.

Thank you all for your input definitely looks like there is more than one to skin this cat.

Longer term, we could add additional cabins to the property (as stated above) since the current owners are sending overnight business to hotels in the area that are 15+ mins away.Our situation:We have about ~45% equity in my home (appraised at $775K about 6 months ago; we made some improvements but to be conservative, let's say this is still a good estimate), I can cash in my 401K, and have RSUs from my company that I can use for the majority of the cash I need to have "skin in the game" but it's short the 20% I will need for an SBA 540 for the real estate + 5% for the SBA 7a (this 5% for the DP is possible if the sellers can finance some of the business).

But most will shy away from little to no skin in the game in this market. 

You already know of this because you practice it, so I wouldn't let this one get under your skin.