I’d attempt to refinance to bring down payment. 

In this case, because you have a relationship with the seller, I would suggest either telling them of your plans to wholesale it OR attempting to find a buyer FIRST before you put the lot under contract.

I am chatting with him on Monday, but attempting to do some due diligence prior to speaking with him.

Your response was not helpful and only serves as a blight attempt to bash others. 

You have to determine what your goals are and then attempt to achieve them.

You are doing your research here in an attempt to verify the value.If you get a plethora of people you believe to indicated that they believed it was worth the cost then maybe it is.  

There are other posts on here about the sponsor that you can attempt to reach others who may have invested in this fund.2.

Kyle first off, just because you may have had negative experiences does not mean you try and discourage someone else from attempting it.

I would give them more time and make more attempts to contact them.

Or if that’s not allowed sell it to a friend who will then sell it to my personal IRA at a discounted rate so when I turn 65 and sell the properties , I don’t have to pay any tax on all of my properties assuming I don’t sell them until they are in my IRA account… It was already mentioned, but to reiterate, it would be considered an IRC 4975 prohibited transaction if you were to attempt to take a property you own, or you own in an LLC and sell to your IRA.