I think most commercial lenders will want you to have skin in the game but it may be possible as there's so many different products.  

A “Standard” cosmetic rehab we include: All New Flooring (carpet and hard surface floors), Interior and Exterior paint, baseboards, electrical and plumbing fixtures, new kitchen and bathrooms (including cabinets, granite, appliances), blinds and window treatments, doors and a little bit of landscaping such as a flower bed or some plants.

I would recommend using your capital partner as a co-signer on the loan, or have you co-sign on the loan they take out to show that you have "skin in the game"Another thing to consider is the timeline of the deal.

So on the surface I was all in on this house at 77%. 

https://www.newsandtribune.com/news/plans-surface-for-new-downtown-jeffersonville-entertainment-venue/article_e0195a4a-df37-11e9-9532-7b8896a1facd.html?

@John Teachout termites are scary bc you may not even catch it in the surface

These are those rare sponsors who have full real estate cycle experience with no investor money lost (or very little), conservative use of leverage, put significant skin in the game, etc..I know both a multifamily operator like this, and a triple net lease (NNN) fund also.

Hi Brooke,If the meter dials are spinning when all of the water is shut off there is a leak.If they are not moving then there should be no leak past the meter.If it's in the feed line to the house (in the yard or under the driveway, it may take a while to notice it at the surface).If you parked a heavy moving truck on the lawn when you moved in, or they moved out it may have cracked the line under the dirt going to the house.If the meter is spinning with the all of the house water off, you might be able to shut of the main valve and stop the flow to the meter.

On the surface, it doesn't look bad - with the caveat that they are just looking to cover their mortgage.

but here's what I see just on the surface.