Often you can get better terms by partnering up with someone with demonstrated experience. 

In reality it was quite a number of other people doing it together and the person making the post only owns a small percentage and they’re really making the post in order to gain limited partners. 

It's too bad his books (and the Advisor Series) are quite good but he partners with dirtbags on the backend.I wish BP had a $2k, 3 day course and mentoring that we could send people to instead.  

What you might consider is finding a partner that has the development capacity, and figure out an equitable development cost and profit split.

I would post the details in classified section and let people give you quotes I find one off borrowers focus on cost much more than serial flippers who are looking for long term relationships there is much more to finding a capital partner than who has the cheapest fees..

Lenders will often still want to see a personal balance sheet.The problem with a SMLLC that is disregarded for federal income tax purposes is that you may decide to bring on partners or flip to an S Corp a few years down the road. 

I know this may not seem possible, and probably not the answer you were looking for, but it would be worth partnering with another active investor, bringing in a passive investor(s), or even waiting until you have enough capital to deploy into the right deal. 

People selling courses often use newbies as ants so they save time in the case that the ant finds one deal out of 10,000 the course creator can partner with them on.

Wiey Underwood I answered a similar question in the thread link below and listed several of the cost segregation companies that our customers use (not necessarily partners).https://www.biggerpockets.com/forums/51/topics/1163125-mater...

I wouldnt develop anything but sitting on it could be worth waiting to one day add new units/condos or a larger multifamily partnering with a developer. - half of parcel can also be sold off as only one half has the SFH and ADU on itOwner is quite firm on the price.