I'm having technical difficulties but can't delete. 

Hi Aaron,I ust found your reply, I'm  having difficulty finding replies to post.

Banks and a hard money lenders will want a borrower to show skin in the game.

@David Johnson Sounds like he was trying to wholesale your wholesale without having any skin in the game....

Obviously if they just continued to pay after that point it would be fine, but if they did ever quit paying there would be difficulties in collecting.That's my 'layman's' summary of the situation, so don't take it as gospel but it helped me in understanding the different processes in my research into how BK works.

In addition, banks do not like to hear that you are borrowing the down payment because it means you have no "skin in the game."

Development is risky and they are going to want you to have skin in the game. 

Im not really interested in looking out of state, there seems to be plenty of people making money in my markets with real estate, im sure they just have a lot more skin in the game and also started years ago. 

In my opinion, a 50/50 split is too rich of a payout to give someone with no skin in the game. 

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