I am not saying that about Papa John's I have just seen that with other corporations before.Jay your franchisee you need to make them put skin in the game with attachable assets.

And honestly, there is a great benefit to me to be on the same team as Shane because he’s a hawk if he’s got skin in the game.Effort - Shane works really hard on this even when I try to get him to slow down and pace himself.

If I were in your shoes, my personal comfort level would be to have them be hard money lenders on your deals, or if they are adamant about owning their own properties I would help them find and purchase deals with their own money that can then be passed off to a property management company. you would be sort of an advisor with no actual skin in the game, and can give them advice about running it when issues arise.I would not want to be actually controlling the money or managing the properties, as 10% of rents would not be enough incentive to mix business with family for me

I have pretty thick skin and am eager to learn.

I would be even more hesitant if you have no skin in the game as in your own capital.Maybe you should aim for a something a bit more for beginners like a sfh flip before swinging for the fences?

John,Most hard money lenders be wanting to know how much skin are you putting in the deal..Joe Gore

A lender would also want to see you with skin in the game so you might need to pony up 50k.

Properties are expensive here and the HML want me to have 20% skin in the game.

They want to know you have both you own money at risk (Skin in the game) and have the ability to save money in the first place. 

You may be able to work out some other ways to do this deal with less money, but banks aren't real keen on investment loans without skin in the game.