You execute by paying cash as far as bank concerned and after that bank has no skin in the game.

If you want to propose a deal, AND you are willing to put skin in the game, that shows your intent to honor the deal.

Private lenders or HML might lend if the deal makes sense and you have some skin in the game.  

Im goinging to cash out refi with a traditional loan in 6-8months to pay the note off with the owner but also use the cash glow to improve the property leading up to application for loan with community bank.

Seems to reduce burden on them each month and provide me more security because they have skin in the game up until the end.

The seller wants us to have "skin in the game" but we think they may be hiding something and want the option to walk away if the "something" is more than we're willing to deal with.

For lack of a better term,It's really assigning a contract for a fee...The reason why every novice newbie/wannabe wholesaler (besides getting pumped by a "guru") wants to do this and why they ultimately do get a bad wrap is because the majority that get started don't have money  to get into it (or must have), don't know what they are doing  and literally have no skin in the game but tie up a homeowner's house for some time with the homeowner who more than likely has no clue that he or she is dealing with someone who is merely trying to assign the contract...and at the end waste everyone's time when there is no end buyer since they couldn't find one or just buy it themselves......which is probably most of the time since majority lack the proper knowledge or experience to do it right. 

if so, that's a lot of skin in the game. 

Except they talk about some equity, but I think at the end of the day it is some "skin in the game". 

They have ZERO skin in the game.