Make sure you have someone you trust or someone who got enough skin in the game.

Most capital partners such as us like to see a project manager have some skin in the game in a typical joint venture.

His skin in the game is building it for cost and giving you the knowledge and experience to build it, your skin is your land owned free and clear. 

This has helped me tremendously by giving the tenant some skin in the game even though it is for the most part only in theory.

Of course, I'm not sure what the rehab costs would be but if you own it free and clear, that may be enough skin in the game to have any lender come on board.

My full time job paid my bills, my flipping paid off debt and allowed me to set money aside to have "skin in the game" for HML and PML.  

I've seen a few of your other posts on this matter in other threads and I agree that it doesn't make sense to believe you can pretty much make money out of nothing, no skin in the game (so to say).

In addition to my rental business I am building in Pierce County as well, with homes typically under contract before completion.You need a representative that has a lot of local knowledge and has skin in the game, ask them to show you their rentals, if they do not own investment property find someone that does.

We were ready to start doing normal house deals and the game plan we came up with (with the help of a friend/mentor) is basically the game plan Lifestyles Unlimited teaches you.Free podcast here: http://www.lifestylesunlimited.com/category/radio_...So you won't know how to do all the fancy stuff and breath of stuff you will know how to do if you do invest in something like Legacy Education, but I think this program will get you to have skin in the game in a really do-able fashion.

I have sometimes seen owners give the prop mgr 10% ownership to have a little skin in the game but they are usually contractors that do a little more than just invoice and collect rents.