I hit my head against the wall a lot of times pursuing techniques people told me to do.

Or, you can try your hand at some techniques.

How would this lump distribution from the LCC to us of refinance proceeds be taxed?

You will have a better chance of getting financing, distribute the inherent risk of real estate investing, and have multiple incomes to pay rent (lowering your contribution towards rent).However, you would be wise to have a in-depth discussion about this with any partner you take on.

This would help you get familiar with the investment process and help distribute the initial purchase and rehab costs among equity partners. 

What about the distributions, it doesn't make a tax difference if I am myself or the my LLC?

Then after the fact the LLC could dissolve and distribute the assets accordingly - presumably one to you you and one to your partner.

Then I'm paid a salary and distributions. 

A 1.90x equity multiple would imply that they make $190K total over the life of the project, inluding distributions, return of equity, profits at sale, etc.

However, this place is not a mentor distribution forum, you're going to have to learn a LOT on your own.