Not all sellers will accept an offer with so little skin in the game. 

I just charge  a large enough sum that the tenant has some  skin in the game. 

I understand a lot of lenders want the rehabber to have some skin in the game, but is it stupid to search out a person who group who doesn't?

What skin in the game will you have?

And once that person sees you have some skin in the game and success, would potentially become a partner and help a person to invest in larger  properties.

You will want to ask a part of the fee to be paid with a nonrefundable check at signing to make sure they have some skin in the game.

@Steve Rozenberg  VERY good post.I was on the receiving end of undercapitalized investors.. and Like most of us HML who had substantial loan portfolios pre 07 we came to understand that those with no or little skin in the game are bad risks regardless of their FICO score. 

Aside from the obvious having some skin in the game and keeping your credit intact its really mostly a matter of doing a good job of keeping costs down as you move along and grow.

If you have no skin in the game, you may be able to learn quite a bit, but that will be up to you.  

Good input Jeff S Na My thoughts were:1) Borrower has less skin in the game to the extent of the junior liens, thus less motivated to solve problems and get things done, (s)he may actually have all his/her cash back.