Here is a summary of issues from the inspection report1) No roof vents for attic ventilation (this is a brand new roof barely 2 months old)2) Satellite dish is screwed directly through roof surfacing (this is a brand new roof barely 2 months old)3) Some roof coverings are damaged (this is a brand new roof barely 2 months old)4) Pull down attic stairs not properly insulated (not a bid deal, easily fixable)5) Missing or damaged soffit screens (not a bid deal, easily fixable)6) Mold on interior walls behind the kitchen sink (The kitchen was "rehabbed")7) Firewall behind the furnace was breached in one or more areas in the garage (garage was also "rehabbed")8) Exterior brick siding has hairline cracks (not a big deal)9) Exterior trim boards have gaps leading to water intrusion (not a big deal, easily fixable)10) Wood rot observed on one or more areas of siding (not a big deal, easily fixable)11) Noticeable repairs made to one or more areas of the ceiling (not a big deal)12) Wood rot on one or more areas of exterior doors (not a big deal, easily fixable)13) One or more privacy doors jamb when closing (not a big deal, easily fixable)14) One or more privacy doors do not latch (not a big deal, easily fixable)15) Windows have missing screens and damaged springs (not a big deal, easily fixable)16) Some windows do not stay open (not a big deal, easily fixable)17) Cracked double-paned window (not a big deal, easily fixable)18) Dampers are missing required clamps to prevent closure on gas log fireplace (not a big deal, easily fixable)19) Fresh air vent at chimney is loose at the wall (not a big deal, easily fixable)20) Wood deck showing signs of deteriorating in areas (not a big deal, easily fixable)21) Grounding rod near electrical meter is missing the required clamp (not a big deal, easily fixable)22) Latch for the main electrical panel is missing (Maybe best to replace the whole box)23) No antioxidant on aluminium conductors 24) No smoke detectors..

Am I required to have “skin in the game?”

I also like to see them have some skin in the game net of any acquisition fees. 

Kings Mountain has always interested me as on the surface it’s a sleepy little town but it’s location suggests it will be hot in the coming years.

They are harder to find than they were, and at least for me, require a much larger renovation scope (surface level rehabs are going to retail buyers with no margin).You are also looking at it wrong.  

Most of them are going to want you to have some skin in the game. 

They want you to have some actual skin in the game.

I or close friends/family are able to do the electrical, insulation, finished flooring surfaces, drywall, roofing, and painting.

Just doesn't make business sense to use FAM (these days) unless you have thick skin, don't mind dripping water torcher, have no immediate need for the proceeds... 

I'd add that I feel like I'd want my contractor to be local, if only that they have more reputation skin in the game.