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.

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.

I've definitely grown thick skin when making offers.

its a credit report appraisal and proof of experience to give you the pricing and of course skin in the game.. if this borrower was trying for a 100% loan with NO cash into the deal with poor credit and a BK  IF that is true then does not matter who you are as the borrower you have to know your not getting  a loan unless its from personal acquaintances that like you and trust you  regardless of your financial or credit situation.lastly that deal sounded too good to be true I can see a HML questioning that one.. 

I realize there are many ways to skin a cat and I'm going to make mistakes on my first deal.

Just curious for any home buyers or investors with heavy skin in the game.