As a private lender, we do look for "skin in the game" - but it can come from anyone that has a vested interest in the LLC/partnership, etc...

My first question is will the lender require skin in the game or is the asking price, rehab, closing costs covered by the lender?

Hard Money lenders are going to want you to have skin in the game.

So even within the same strategy, with the same resources, and in the same asset class, there are STILL a ton of ways to skin the cat.

They have more skin in the game then you do.Make sure you get clear title.

I had saved up for my first couple of properties that were paid cash for (under $30k pigs) but it gave me an upper hand later as i could use them as a collateral to obtain a line of credit from a local bank. actually i was quite amazed how easy it was once i showed them i had some skin in the game and experience as a investor. in your situation, once you buy your triplex, you'll start getting equity with each mortgage payment as well as experience as a landlord of the other two units and a real estate investor. on a side note, as much as many say that it is possible to make money in RE without much money, i disagree (sorry Brandon T), you will need money for the down payment, whatever small it is, the closing costs, and repairs (there are always repairs, always). dont get discouraged, keep learning (the podcasts are amazing, start from show 1!!!)

You can also have a locked off space for your cleaner to access so that they can replace soaps, shampoos, extra linens, etc.Disclaimer: I am 3-4 weeks out from finishing my rehab so I do have skin in the game but no official experience yet.

Some money partners want more because the RE partner has no skin in the game, but if you trust your JV partner, giving them a "fair" share will ensure you're getting quality management.

They had "skin" in the game. 

And you can have the Borrower pay you interest during the Project, as their "Skin in the Game."