In general though, if you are putting in a good chunk of your own money as well to the deal (even if it's not the majority of the money down) but showing you have skin in the game, I usually see 15-20% of the profit for the general partner (person doing all the work) once the profits come in and then the rest is distributed across the ratio of shares from there. 

I knew of an older couple that listed the really expensive houses millions and up in price and they wanted the seller to spend upfront money to have skin in the game because they became more real in price over time to sell.Other times some sellers will say give me discount on my house I am selling and I will then use you to buy.

It’s a no brainer on the surface.

There is also mold on most surfaces, paint falling from the ceiling, no utilities, etc.I am thinking that this is a FULL gut job down to the studs, so I am prepared for that.

There is also mold on most surfaces, paint falling from the ceiling, no utilities, etc.I am thinking that this is a FULL gut job down to the studs, so I am prepared for that.

I believe you would need to have a smokin deal.. any 100% lender is going to demand that.. no mystery there.. but newbies don't usually get smokin deals  and who goes for 100% loans almost always newbies.. so if I was taking  a WAG their 3k fee is a major revenue maker for them that's why the guys on the phone hammer so hard to get folks to pay it.. this is what I have gleamed from other posts on this company on BP.. simply my observations.. also one lady who we went back and forth with ( potential borrower) said that they set up an LLC that borrower and lender are members and if borrower fails they just kick them out of the LLC.. and that is a smart move on their part.. you don't have to foreclose and if the borrower really has no skin in the game that's OK too. 

A reasonable LO will want you to have some "skin in the game" to go through that ($0 per hour) process of submitting it, you're basically asking them to count your willingness to provide ALL requested paperwork as that "skin."

Just go over the top with a different flooring surface.

The risk to the lender is too high when the borrower has zero skin in the game.

***Its important to note that on the refi part, you need to make sure that the property will appraise 20% higher than the amount you need to cover your 'all-in amount.' that extra 20% becomes your 20% of skin-in-the-game that the bank needs in place of your 20% down payment.