This step by step process is all laid out in Scott Trench's book "Set for Life".

Does this approach seem reasonable, or am I undervaluing the property?

This is done via a traditional cap table.

Are there ways around this?  

@Michael Klinger  As others posted, SoFi and Discover personal loans are good options and I've used them in the past.  2-3 business days from application to funds in my checking account. 

Someone with $10M in the bank in cash just needs to put a lot of money to work and time value and tax write off is more interesting to them than a hungry investor in their 20s that has never found a deal.Honestly, books are great, but they are about as "boiler plate" as you can get as I'm sure you're discovering.

I'm broke as a joke but I have good credit how do I get started 

This used to be a near-impossible task for a company like BiggerPockets, but technology and 3rd party solutions are getting better.

This is great info.

This is what I discovered if this helps anyone out who Googles about them and ends up on this Bigger Pockets forum thread.On Reddit, there were several negative reviews like really bad ones of current clients who can't seem to exit from their services and who have spent and lost lots of money due to lag times, mistakes, etc. on the part of Anderson Advisors.