I have been investing for over 50 years and teaching others, ethics are important, if you are going to invest and are doing assignments for a big profit, I teach our folks to always make full disclosures,  my skinning contract states "that this is a non-adversary contract of sale with benefits to Buyer and Seller to accomplish their financial goals." and that the offer is subject to and contingent upon third party assignment,........ 

I just do not see that a syndicator  is either contributing enough to warrant 50% interest with no cash or that he has enough skin in the game to stick to the deal if things get tough.

I've been presented with an opportunity to JV this deal with the following structure:I fund 100% of the deal for 50% of the profitThey will facilitate the managing of the project (rehab, selling once completed, etc.)One of my concerns is that they have no skin in the deal (i.e., if the deal goes south, I'm on the hook for the money owed).

The lender has a lot of skin in the game and they want to see some of yours in there, too.  95%/5% isn't very aligned.

@Karen Margrave  Yes as part of my "skin in the game" I already had lots divided, surveyed, and plans engineered.

I'm pretty comfortable in my own skin, but it's hard to find someone that can relate.

I could, I guess, get a CC with 0% introductory APR and make a cash withdrawal for a 3-5% fee if I have to have a bit of "skin in the game," but ideally this would not be the case.

You are asking $1M with no skin in the game for 10%.

I feel I need the cash so I can have skin in the game.

There's a lot of ways to skin a cat in this game, but you might be best focusing on a few strategies.