With that being said, you can likely handle a $100k project with $30k skin in the game if you build a relationship with some money lenders.

They want to see you with skin in the game.

Having the seller hold a second is one strategy I use for myself and clients but also remember sometimes that the seller will use that as leverage back and the price or your demands.Also realize that the first lender has to approve the seller holding a second for you.Some of then will not or will only let them hold a certain percentage and want you to put a certain amount down (skin in the game) so they lender feels you will fight for the property to keep it performing when if gets tough.Even if this property is performing it could have a bunch of deferred maintenance which is why the books have looked so profitable all these years.If you get hit with immediate capital costs in repairs today and in the next few years it can suck away all your projected cash flow and put you in a loss situation.Great if you want a loss to lower your taxable income base but not so great if you are buying it for cash flow.

It looks so much better than the plain formica, and has just enough texture to it.

I would think that they are in just as strong a position, if not stronger since they've got less skin in the game, for the same value asset that they can foreclose on, so they wouldn't care.

Having "no skin in the game" will make that a hard sell. 

They are going to want to see substantially more skin in the game than something with a positive NOI, it will most likely be a short term note, they are going to want you as the borrower to be strong, they will want to see that you have been involved in deals like this in the past successfully, or you have done business with them in the past and this is a logical next step.

Lots of ways to skin the cat and increase your net worth, good luck!

Using a airless sprayer is fairly easy and to make it even better have another person go behind you with a roller and that will help give the walls a better texture plus help the paint have an even coat.

Or if at some point someone textured over wallpaper and painted it.Texas has expansive clay soil.