Here are some and considerationsTo select the neighborhood that best suits your requirements and tastes, investigate the individual neighborhoods within each area.If you currently have children or want to have children in the future, research school districts.Because traffic and transportation infrastructure might differ, take into consideration your preferred method of transportation.It might be beneficial to visit each location, look about communities, and get a sense of the neighborhood before making a selection.

The median income and other MSA data is garbage, at least when it come to Detroit, so agree your $30k is also then garbage, per your logic:)City of Detroit is suing the Census Bureau for their antiquated methods leading to misrepresentations of Detroit.

Being I do not have 20-30% in a downpayment to do the BRRRR method.

I believe that this investment method gives you great cash on cash return and gives you a lot of experience

What bothers me about the GC method of purchase is the buy it for whatever price and sell it for more later no matter what model.

The BRRRR method focuses on acquiring properties at a significant discount, allowing for renovations that increase its value.

They may use different methods to establish value based on market, conditions, and availability. 

Another reason to use this method is there are never any delays in the deposits having to do with a third party, and only one institution (mine) has custody over the deposits.  

I have been in talks with a GC in Georgia and his method of building is: He builds everything at costs and doesn't include any markup or fees, he oversees everything, I only supply funding, and we split 50/50 the profits after paying back the bank and all other associated fees.Since I am only supplying the funding for the deal, is there a way I can structure doing this so that this is considered passive income for myself since I won't be involved with the construction or overseeing the project?

In order to change an accounting method (Form 3115), you first need to establish one.