However; if you do finance your deals, how much skin in the game do your lenders require?

Most contractors are notoriously difficult to get good, quick service from so you need him to have LOTS of skin in the game.If you come to a loggerhead and you still really want to use him, ask him to use an escrow agent that will serve as the middleman.

Many banks are going to want to see that you have skin in the game....most are not ok with you bringing in a second loan and not having your own funds in the deal.

There's not one way to skin a cat in real estate . . .

I owned the dirt so I had skin in the game and the lender would fund the construction costs and have a deed (first position) on the property.

As long as you left enough skin in the game for the buyer to be getting a good deal, I don't really feel like you should need to hide your profit from the end buyer.I have used a double closing before where I had a skiddish seller who didn't know I was flipping the property.

Some will and some will not and some that will will want information on them as well due to you having no skin in the game they want to make sure that they know where the money is coming from and possibly have them as a guarantor as well on the loan. 

Age of the buildingCompetitive new supply - Quality Inn tends to be on the lower end of the market so you'll probably benefit from a rising tide, but older properties are severely impacted by new economy scale or midscale supply enters the marketNOI margin should be >30% - if it's not, your RevPAR is too low or operations are unnecessarily fatIt may be of benefit to align with a third-party operator that has some "skin-in-the-game," where you step into a joint venture limited partner role with major decision rightsThis is a very high-level list that doesn't account for location, seasonality, and other factors that may have a material impact on performance.

They have more skin in the game then you do.Make sure you get clear title.

@Sam OwensSince you are a first time investor, I would suggest assigning the property "as is" instead of undertaking a rehab.Unless you have funds on your own or you personally know people with money, it will be hard to get money, even from private lenders, unless you are willing and able to put some "skin in the game" (money down.)You build up your experience and resume as an investor by doing a few wholesaling or assignment deals to start with.Also don't second guess what potential buyers would be willing to pay for the property.