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?

So I had to pay the fence contractor to come back out and redo that section. 

Asking for the plus and minus of these 2 options.Option 1: Save cash and pay off mortgage.

I guess my question would relate to the wisdom of pulling the trigger now and paying more for a property that could well be purchased for significantly less in another 3-6 months or maybe even longer if the down trend is expected to last a few years.

Would rather hold to collect rent with depreciation write offs and build wealth than sell to pay capital gains 

Our last vacancy actually took weeks longer to rent out than expected, but it was late summer/fall and it was advertised significantly higher than previous long-term tenant had been paying.   

I looked at Lightstream as well, and am wondering if it'll work as cash to pay for the land if I get an amount to cover it? 

The lease of this non paying tenant will expire before that in June.

Do what you need to do to buy a property that pays for itself (including reserves, maintenance, etc.), and then hold onto it.

If that happened to me, I would chalk it up to "my bad" that I didn't pay closer attention to my spam inbox, as he did in fact give and prove he gave proper notice.