Most lender do want you to have some skin in the game, typically 10% minimum. 

I am not a newbie; I have skin in the game, as I am house hacking.

As for hard money lenders, they typically require you to have skin in the game, especially when it’s your first investment.

They want the "skin in the game".Another note, the numbers you used in your scenario are almost the exact same numbers for the past purchase + rehab I did. 

Banks make you keep some skin in the game even if you can take all the money invested in the property out. 

You are in better position than most since you can put some skin in the game.

You could put some of your money into the property so you have some skin in the game.

Recommend using the $5000 ( skin in the game) as a down payment on a lease option or rent to buy deal that you analyze will bring a positive cash flow after all cost and expenses to get your first rental home under contract.

We have a lot of out of state investors in Tucson scooping up the best deals quickly, so it's a matter of being ready to close on the first deal that makes sense to you before somebody else finds it.Lenders need you to have some sort of skin in the game be it cash in the form of a down-payment, your high credit score in the case of an FHA loan, or other assets in the form of cross collateralization or a HELOC.

That will keep some skin in the game in case they bail on you.Maybe do month-to-month with your next tenant to give you flexibility on when you want to move.