Another side note, is that most wholesalers don't have any skin in the game.

So long story long, my questions are:1) Would it be better to have the end buyer purchase the land to ensure they have skin in the game and will see the project through to the end and still be our buyer?

If you're setting the bar to become a property manager, however, you should encounter little difficulties achieving that.

We did our research when selecting a tenant and it paid off as they have been great, although the year has not been without its difficulties as we have dealt with burst pipes which caused a flooded basement, and A/C and electrical issues; but all in all we dealt with it in stride. 

Just think that another way to do this deal would be with HM, and that comes with a pretty hefty price tag (~12-18%) and the requirement to have a higher percentage of skin in the game. 

I'm having difficulty finding good deals on the MLS for multifamily homes.

I would also submit a generally accepted EMD and have skin in the deal.   

Skinned knees don't bother me.

My understanding is the lenders do deals at 65:35 or better for them ratios without worrying as much about proof of income because the borrower has more skin in the game so they are unlikely to default on their debt.I've yet to find these types of mortgages though without getting into hard money lending territory.

That seems so difficult! I