I always require the investor to have some skin in the game 5 to 10 percent of the purchase price.

Put your skin in the game and leverage it with funding partners and bank debt to build larger projects. 

It is risky for whatever investor has loaned you the money because the less skin in the game the buyer has the higher the possibility you would give up if things go wrong.

If he wants a cut of the gross he needs to have actual skin in the game. 10% of the gross after you account for all costs (including transaction and holding costs) will be a huge, huge portion of your profit.

Is it so difficult to admit that there is more than one way to skin a cat?

Typically, a lender wants to see that you have some "skin in the game" - something to lose if the deal goes south.

The graffiti glows in the dark.

My first read on Anderson had several glowing references about how wonderful they were. 

While great on paper, and even possible to find on smaller deals when seeking seller financing, any investor that would sign away his entire portfolio to someone without them putting any skin in the game is downright crazy. 

The whole thing comes under the heading of "Distressed Property Sales" and there are many ways to skin that cat, if you want to do the research and preparation and have the cash etc.