We may even be able to do two loans, so the city still has skin in the game, and we get a portion of our loan at better rates.The coffee shop tenant is a friend and he builds custom retro coffee trailers and places them around LA.

If they sell you a property and then sign you off to a third-party PM, that's another team you need to vet, and means the TK company has less skin in the game (ie once you close, their work is done).They should have solid, data-backed answers to your questions at-the-ready.

They have more skin in the game then you do.Make sure you get clear title.

Can anyone tell me if this perfect lending scenario exists, or if it is a total pipe dream:  100% financing on a flip (including reno costs) for someone with no experience, so-so credit (650-700), and no cash or "skin in the game"? 

A very dry subject made entertaining.  

If one of the pre-reqs for your RE accountant is a dry sense of humor, consider @Michael Plaks - he's very good at both.

They have no skin in the game and for that reason are not adequately motivated to give 100%.

As long as the 1031 property is also triple net lease, you can UPREIT (assuming they accept it into the fund, as they do not accept everyone).Also, I know of a very conservative multi family sponsor with multiple estate cycles experience, conservative leverage, high skin the game that will do a 1031 exchange without extra charge as long as it is over $2 million.

They partner with active operating sponsors who need to supplement their own capital raising efforts based on their deal flow pipeline.And when the market eventually turns and funding dries up, who is uniquely positioned to take advantage of it? 

@Story MollerAre they dry-wood or subterranean?