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.

In regards to this bill passing i have been hearing about the installment method.

I am curious about this nature of the business as I build my REI business.

I was in a situation similar to yours and I have a duplex corner unit with a natural basement egress and tall enough ceilings.

Initial Investment Length of Investment (Years) Shares Class A Preferred Return % LP Profit Split Class A Waterfall (Y/N) Waterfall Details Reinvest Earnings Option (Y/N) Physical Real Estate or Note Only Refinance Projection (Year) K1 Loss (Y/N) Yearly Interest Earnings Performance Average Annual Return IRR Refinance Return of Initial Investment Year 1 Tax Loss Effect Net Return (by Year) Total Return on Initial Investment  Hey when you figure it out, I’d love for you to teach Your methods!

You'll naturally meet  people who want to get rid of their headache, I mean house, that they inherited. 

I have been looking at the Brrrr method.

Any tools or methods you recommend for better efficiency and transparency?

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.