Are you willing to use your other 2 properties as collateral in the event a private lender lended you the $60k?

If you buy a property for cash in an LLC, and you need financing, you quit claim it to the name of the person getting the loan, then quit claim it back to the LLC after.The main reason is the loan isn't in the name of the LLC, so they can't use the property to collateralize it. 

At least with something like a hard money lender they take the property as collateral in this case all the creditor has to come after is you.

Minimal outlay would be to develop the lots one at a time, but that may be very inefficient in terms of overall return, you could also put the lots into an LLC and operate out of that, but the HMLs might not be too keen on that and would likely lend you the money for one at a time because their only collateral would be the lots.

Hi all,I am getting loan from a family Memeber, she want a promise note with a collateral of my property.I told her that’s fine and try to search for such paper.

Pledge your vehicle or some asset as collateral to the investor.

My income plus rents will go toward paying down the property then when it is less than 80% LTV we will be able to drop the land as collateral and reuse it to pick up a new property.

The bank wouldn't be able to come after your stuff even if you didn't have an LLC, as long as the loan is collateralized solely by the property (no personal guarantee).Whether the loan can be collateralized solely by the property will come down to the appraisal and LTV ratio the bank is willing to extend.

How I paid the down payment was with 80,000 cash and I put my house earlier mentioned up for collateral until the 20% is met then the house is cleared.

Or, some sort of personal loan or a loan secured by some other collateral. 10% would be very good on a fix and flip loan based on ARV.