Any help would be great Today it really boils down to the sponsors experience, how much you need and how much equity the sponsor is putting into the deal.You could look at similar types of deals in the area and see if you can find out who some of the investors were in that offering.

So I start with the sponsor first.

If you want to deduct losses as an LP, you must materially participate as a GP also.Various Sponsors (including Lane): Yes, it can be done I am also attaching a IRS Publication:  Passive Activity & Risk rules

This is generally due to the fact that this is how the American housing giants – Fannie Mae and Freddie Mac – government-sponsored agencies, separate their loan programs.

I am sceptical seeing more and more insurance companies pulling out of FL, leaving a state sponsored program the only affordable option - until the tax payers are tired of funding it.   

I have not personally used them yet, but Steadily has sponsored some of our podcasts and their website has some good information about various types that might be helpful to read through https://www.steadily.com/faq/landlord-insurance-guide I am sure we also have some insurance agents in the community as well that might chime in.

If no construction lender can get comfortable with you as the builder (aka principal, sponsor) regardless of you hiring a well-qualified GC, then maybe the solution is to give some piece of the equity to another builder/principal who would oversee the GC, and whom has the track record to satisfy the lender.

I also haven't been sponsored yet by any broker.

While different sponsors, still not really diversifying - it’s like investing in one type of stock company - for example airlines or auto industry.

As an H1B you can only work for the company that sponsored you.