Parish, Most lenders want you to have skin in the deal.

I have tough skin but when an idiot calls themselves coming for me I react.

Then you have no skin in the game, just your credit score...and you lock in a lower interest rate.

They will be the project manager and investing their time for 50% of profit; however, they don't have any skin in the game in terms of actual cash.Is it normal for me, as funder, to ask to have a loss allocation written into the document?

I've talked to other lenders in the past who wanted us to have a certain amount of skin in the game because of our lack of experience. 

No lender does 100% regardless of the rate since you have to have skin in the game.

SO for those of you beginners who don't have much cash and you want to flip a house, here's a 3-step process on how you can do your first fix-n-flip with no cash out of your pocket:Step 1: Raise Your Downpayment Using a BUSINESS LINE OF CREDITHard money lenders require that you have "skin in the game" or downpayment.

Im thinking...if he comes in with half the skin...I can treated as a normal JV 50/50 or 60/40 @Nnabuenyi Anigbogu@J Scott

It may never happen, but nevertheless, I am determined for now to do what I can to find that one property which will allow me to start my journey into RE investment world.My advise to you is this: have a thick skin.

I have skin of an aligator :)That actually is one of the main reasons that I signed up and posted.