I have found several asset based lenders that I can borrow from. 

Try asking him to use your preferred title co to hold the EM.

Does anybody have any good referrals or a preferred investor friendly agent in Utah?

If so, becoming an asset manager for multifamily real estate really is another game and I would urge you not to go there.

, and get plans approved they will have an incredible asset worth way more than $32k at least in the current market.And the only one that I think could have been built on without much hassle was a 4.5 acre plot partially in a flood plain, but in a very high demand area with some pretty nice views and right on the edge of town.   

It then calculates your net worth by subtracting your liabilities from your assets.  

I have certainly had people come in and say "if it was a bit lower..." but I turn them away because that is the first step in surrendering control of your asset to a tenant.

That may be willing to lend you money secured by some other asset that you could use for this deal?

But the disregarded and actual reporting of the property plus the added rationale of lender requirement makes a strong argument.But yes an unseasoned or asset stripped LLC that is also disregarded is considered a lending risk and it will be tough to find a conventional lender who will lend to it. 

The seller will usually prefer a sandwich so they don't have to deal with being a landlord.