Would you suggest getting skin in the game before doing that to make them feel safer or would diving in with a external funding statement, execution plan and hold and exit (for them) be the best way.

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

But we've had a bit change of plan and decided to keep some skin in the game in California, we decided to buy in relatively cheaper areas because we still really like SoCal (the inland empire).

If you over analyze, worry about everything, nit pick, complain, poorly plan, fly off the handle, etc. all of that potentially will surface in your investing and you need to know how to manage those behaviors to your advantage and not disadvantage.Does fate shine or dump on you?

He doesn't believe his own predictions.Prognostications without skin in the game are worthless.

Private lenders are free to do something stupid, like lending a down payment or lending to someone with no skin in the game; but this high risk lending combined with their obvious lack of experience and or financial acumen, would almost assure a loss leading to withdrawal from ever making this type loan again.If you have a rich or even moderately well off uncle, preferably with no children of his own, he may be interested in making you a “down payment, no equity” loan.

We purposely left that flooring surface because it was in perfect condition and with the snow and rain, that 4 foot by 6 foot area gets wet. 

They are much better on a total rehab or new construction than doing walls or interior work where carpeting, flooring, tile or other surfaces can't get painted. 

On the surface it looks great.

Plus some may know of other opportunities that surface.