RE Developer Partnerships: FHA savings in lieu of cash?

[Account Closed]

I’m trying to be creative with locking down financing.

Is it crazy to offer my sweat equity and my ability to secure an FHA Discount on a loan (since I've never bought before) in return for a mentorship, and chance to partner with a developer on my first deal (despite the fact that I cannot give any money, so the FHA savings would be in lieu of cash). I plan to live-in and manage the proposed property as well. Like a duplex / triplex / quadplex.

Is this an insane proposal? Will I get laughed out of the room? Do FHA discounts seem like attractive savings options for developers?