Make sure you verify the labor and material costs you are paying, I mean absolutely sure because you really do want to understand his skin in the game. 

Wholesaling is mostly like any other market with a low barrier to entry: it's filled with people who have no skin in the game. is it possible?

In other words, gold mine is mostly for builder since they are taking the biggest risk and land owner get the least since they have least skin in the game. 

She would manage the property and I want her to have skin in the game. 

If she is complaining also of headaches, has red rosy skin (mostly in face), or increase in fatigue you might want to mitigate a potential law suit. 

The reality is that you have to bring something to the table (skin in the game).

They usually want you to put some skin in the game, so you might have to put down 10-30% down payment, depending on the deal and your experience.

Everyone we have networked with says we must have skin in the game to do any kind of joint ventures/learn from them or even join a team, which we would love to do, however we basically gave our life savings to a family member to deal with a health battle.

Alternatively you can use private or hard money for both the purchase and the rehab but you’ll most likely need to have skin in the game and put down 20-30%.

If they have no skin in the game and they aren’t playing a “mentor role” I don’t know if I would give a percentage of the profits.