Brad advises against that for your first several deals as you build a track record, but what if somebody had relevant skills, or experience, or a big network of potential investors that trusted them, and may be ok with the sponsor not having skin in the game?  

Skin like a Rhino.

Investing seems like you have (to use an overused term) More Skin In The Game.

I have a pretty thick skin but this was an overall unpleasant experience.

I do times 3 so I have more skin in the game rather than 4x (25%) and I feel it would work more in my favor and meet the terms better.

Most likely you will need to have some skin in the game.

Multi-Family (40 units and up)Leveraged (Investors put up max 25%, Bank finances the rest) Value-Add (Finding ways to increase property value and rent)Cashflow Positive (Cashflow positive once stabilized) Refinance & Hold (The ability to pull out 50-100% of our initial capital while keeping the property)Skin the Game (Enough so they're not just gambling with other people's money)  The above seems doable so far by going through a syndicator, although I haven't seen many who want to buy and hold the properties for cash flow and allow investors to pull out their initial investments after a few years.

Dealing with those that received lump sums from any source is an indication they lack the ability to save, the skin in the game carries less weight than if it had been saved over time, with the blood, sweat and tears.

It takes organization, tough skin consistency, willingness to sacrifice, and alot of other characteristics most people don't have.

you typically need 25-25% down when buying investment property. they want some skin in the game.now you can go 6 months later & try & do a cash out refi - some lenders do that - if it appraises.