Plus there’s a big garage that could maybe be converted to an ADU or another bedroom in the future.

I'd be happy to provide a revenue projection as a short term rental if you'd be interested.

That being said, it's not completely undoable.Reach out to @LaMancha Sims - He's a creative non-bank lender who does a lot of development projects as well as existing stuff. 

I already have a few GC/contractors lined up who have experience in rehab projects.

In the future, we may consider another larger/nicer duplex or possibly a unit with ADU or separated space in a large SFH. 

As always it depends on the deal/project you're working on. 

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?

or doesn't (like the talking heads know the future).I look forward to a stable year in 2024, with growth according to the article below!

Look forward to connecting in the near future!

Hope things improve moving forward for you and in the grand scheme of things, $2600 loss I would just chalk up to a lessons learned and one you can continue to teach others about in the future.