#1 thing they look for is "skin in the game", which basically means they want you to put money into the project.

When a borrower has an investment property with "no skin" in the game, if they run into hard times, it is much easier for that borrower to wash their hands of it and walk away.  

I'm just scratching the surface but maybe some of this helps lend perspective.

But if the loan effectively becomes your INCOME from the project (less the materials, holding and some trade labor costs), then I guess it's up to you how much "skin" you want to leave in the game.

On the surface, this makes practical sense. 

What we do is tedious and requires thick skin.

It gives them skin in the game. 

I am thinking about how to skin the cat and is open for advice, tips and suggestions. 

On the  surface it seems like that would never fly but I ask because I saw a REIA website demo where the presenter used their wholesaling calculator and in his example property, actually came up with an offer that in the end would cost the buyer almost $30K.

Since my partner and I are both newbies, would they take into account excellent credit and our "skin" in place of experience?