Real estate crowdfunding is a method of raising capital where multiple investors pool their money through an online platform to fund a real estate project.

Potential borrowers are probably not asking for a loan for a type of project the lender hasn't already done multiple times.

When they have some skin in the game, they are more likely to provide advice and open doors for you when needed.

Ok well by grouping you mean title is vested in ONE LLC for multiple props ???  

As a conservative investor, I am personally not comfortable in investing in any of those platforms as I prefer sponsors with a lot more experience, a lot more skin in the game, better fees, a model that can be recession stress tested, etc..

And it does not even have to be your own fault: repositioning a MF is not easy, renovation cost can explode in an unexpected way, contractors stand you up and run with your down payment leaving you with unrentable units, negative cash flow, leading to NOI loss, now you are bleeding cash and the property value does not support the loan anymore...Start with a few 1-4 family units, build a portfolio, there is a lot for you to learn in multiple categories.

Sellers often struggle when they can't prove a borrower's "skin in the game" with a documented down payment.

I want to get my foot in the door of real estate and feel this is a good way to get skin in the game.

If it is an incredible deal that really makes sense with no skin in the game, and you still don't have the funding, maybe pitching a JV partnership with an investor would be ideal, instead of a traditional loan.

TL;DR1) There is no basis for the claim that no skin in the game means a flipper in trouble will walk.2) For 1-4 unit properties, a lender can’t call a loan if the borrower takes on a 2nd.I have a different perspective and would like to see some data behind the claim that no skin in the game increases the likelihood that a flipper will walk away if they face a problem.