We have some skin in the game now but it doesn't seem like the bank will give us a line of credit unless we show some " regular income".  

They tend to charge a much higher interest rate, or at least a decent equity split, since the actual borrower doesn't have much skin in the game.

And its good to have some skin in the game..

Plenty of ways to skin the cat.

With significant skin in the game and due diligence on my part, I don't see much risk in this.

As an another way to skin the cat.

I tend to think C class MFH are for local with tough skins....

When I compared his math to mine, we end up at almost the identical profit margins, so in essence, we use the same formulas.Lets use this as an example:Purchase of $200,000Rehab of $40,000ARV of $320,000That is 75% all-in.I have 5% agent fees and 1.5% title/escrow/transfer taxes/misc for a total Resale cost of $20,800 - Lets round to $21,000 (I ALWAYS purchase a owners title binder on acquisition to cut my title costs on escrow, if not, expect to pay 2% total.Assume 12% interest and 3 points for financing, plus $1k in fees and assume you can borrow 100% of purchase, you bring $40k rehab funds for skin in the game.

He probably wants you to have skin in the game so you don't back out of the deal. 

Buyer defaulting on a loan still in your name, your credit, you'll future ability to borrow with a Ilan in your name, legal consequences, buyer's skin in the game, etc.As a buyer in this case, your seller's credit is not at stake do neither should be concerned.Your job is to negotiate the best deal for your team, not theirs.