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With the cost of RAM for provisioning users with accounts and storing data, the main chain feels expensive.

As a solution I'd like to explore the setting up of application specific chains which start with just 2-3 nodes and expand as supporters of the application want to get involved.

Is there a step by step guide anywhere on how I could setup these little chains?

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Here you can find a good tutorial about setting up your own public or private blockchain from the scratch.

Nodeos Bios Boot Sequence

And there's also a project working a toolkit for easy setup of eosio-based chains.

EosInABox

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