This is why the Banks always want skin in the game.

I'd loose the cash flow, but I'd have a huge chunk to go after a multifamily and have skin in the game for raising additional capital.  

Wholesaler wants you to have skin in the game, 1% isn't enough money to not back out. 

No one has more "skin in the game" than a PMC as they have to deal with the property every day until an owner sells or fires them.Also recommend finding your own Inspector and not one referred by an agent.

Yes, commercial lenders will want to know you have enough skin in the game (down payment), enough experience, and capital reserves for vacancies/ when things break.

If you want to show "skin in the game" to the investor, show them how you sign a personal guarantee for the hard money loan and that should be enough to show that interests are aligned.

I cant speak to VA however in seattle I know probably 5-6 community banks who could do something like this:- 75% of ARV - after repair value, they will only lend up to a max of this on what they percieve your project will ultimately be worth- 90% LTC - loan to cost (acquisition + rehab cost) as they want you to have min 10% skin in the game so to speak  some banks are more conservative and they might say " we're a 75/80 lender," this means they are 75% ARV and 80% LTC or in order words they want you to have 20 cents skin in the game for every 80 cents they distribute to you during the construction or during the loan process- usually 1.5 to 2.0 points- usually 4.5 - 6.5% rate interest only for 12 months with extensions at cost - much cheaper than HML  as HML can range from 12-15% + 3-6 pts probably - they usually reimburse after satisfactory inspection (usually $125-175 bucks per inspection paid by you) - this is important since you have to have the cash to front the initial first phase of rehab and you will get "reimbursed," after its completed then on to the next phase.

They do it at increased costs, so if you have the money to use a "normal" HML that requires skin in the game in the form of a down payment, you will find better profits - but perhaps at the cost of cash-on-cash return.

Experience as well as how much skin you put in will determine your quotes. 

This way they make 50,000 commission then they get it all that first time as they have already paid 25,000.Just like rehabbing a house with a hard money loan people want others to have skin in the game.