I can't tell from you post what the 30-35K consists of, but I'm guessing it is either partly your own skin in the game, or partly fees or a combination of both.Here's the thing: you are asking for a lender to provide a second position mortgage and to make it worse, you are asking for them to provide all of it with you having no skin in the game.

I want a ceo, co founder, that will come in and being his business skills to turn this idea profitable and invest skin in the game.

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So if you don't have deals, and you want to invest and keep moving forward, new guys will have to go about it different ways, like more experienced guys, and then just give a larger piece of the pie to their team members etc until they have more experience, skin in the game, reputation, and equity to bring to the table. 

You would need to find somebody that you personally know because a HM lender would never give a first timer 100% of the downpayment AND rehab AND hold 2nd position without you having ZERO skin in the game.So, is this possible....?

Looking at the situation, your deal should work for what's available in the market at this time, but the market texture is so fickle right now, this all might be different come summertime. 

I'm not sure if I'm missing something but I two things...1) you've done an outstanding job and 2) as a first mortgage lender, there is no way I would fund an investor that doesn't have more skin in the game.

On a purchase mortgage we force you to make a down payment as your skin in the game, on a refinance mortgage we force you to leave X amount of equity in the property as your skin in the game. $131,250 minus closing costs minus the $108k existing loan would approximately equal the cash out amount.Repeat: Let's say my scenario leaves me with walking away with $67,000, you can take that cash out to purchase another house and do it again.Yup, it certainly can.

You or the partner personally need to be hands on to make franchise business profitable or have a good manager with skin in the game. 

They probably will give you an outrageous rate like 15% or something but it'll get you a dealHere are some numbers my business partner is currently working with PURCHASE PRICE: $360kARV: $650kREHAB COST: $120k ALL IN HARD MONEY LOAN $480k6 MONTHS INTEREST ONLY PAYMENTS AT 15% INTEREST = $6,000/MOORIGINATION FEE: $19K (this is the only thing he had to bring to the table)The rehab is most likely going to be $80-90K but he over shot and asked for $120K on purpose so that he can make the 6 payments from the rehab loanNET PROFIT (hopefully in 6-9 months) will be around $75KHard money lenders want to see that you have some kind of "skin in the game" so maybe tell your hard money lender you can only pay $10K and they might just charge you a higher interest rate.