Most capital partners such as us like to see a project manager have some skin in the game in a typical joint venture.

Make sure you have plenty of skin in the game.

His skin in the game is building it for cost and giving you the knowledge and experience to build it, your skin is your land owned free and clear. 

This has helped me tremendously by giving the tenant some skin in the game even though it is for the most part only in theory.

Of course, I'm not sure what the rehab costs would be but if you own it free and clear, that may be enough skin in the game to have any lender come on board.

My full time job paid my bills, my flipping paid off debt and allowed me to set money aside to have "skin in the game" for HML and PML.  

I've seen a few of your other posts on this matter in other threads and I agree that it doesn't make sense to believe you can pretty much make money out of nothing, no skin in the game (so to say).

People who think it's a proverbial skinned elbow are trippin' and haven't grasped the numbers yet IMO.

There are many ways to skin a cat..."

In addition to my rental business I am building in Pierce County as well, with homes typically under contract before completion.You need a representative that has a lot of local knowledge and has skin in the game, ask them to show you their rentals, if they do not own investment property find someone that does.