They want a private lender to fund and use the equity as the "skin" in the game.

An unsophisticated lender might send all the construction funds to you.Other than for a refinance, or from an unsophisticated lender, you, or more typically your contractor, will receive funds in draws as you complete your project.Most, but not all, first-position lenders will only lend a percentage of your purchase price and expect you to wire in some amount of cash as your “skin in the game.”

This business takes skin in the game, experience, and realistic expectations.What’s going on with this mindset?

Generally lenders want some skin in the game especially if you are new.

I am doing my research on this market,  is anyone here familiar or have any skin in the game?

Most lenders are going to want to see that you have some skin in the game seeing how new you are.

Most lenders see a first time flip risky and offering 100% financing would require skin of some sort in the game.

I have been in NNN 21 years and never have seen a seller carry for 25% and then the lender providing the other 75% as first position with a loan.You would have no skin in the game. 

We can help you here as a sounding board for questions, but it also sounds like you need to grow a thicker skin and that's a personal growth challenge.

So, if the Teepee is 100 wolf skins, you bring 20 skins to the powwow.