Also you need to figure out how you intend to cover inevitable property damage done by guests but there are plenty of solutions for that in the marketplace where guests pay a flat fee per reservation in lieu of a deposit and you get covered for an assortment of potential issues (bad checks, credit card chargebacks, fraud, personal property damage, etc.)  

I like land locked areas and urban markets as do most firms. look at where banks buy buildings. mostly 20 story buildings in downtown markets for a reason. asset protection and preservation so we try to do it as close as possible. there are lenders in columbus that do 100% hard money financing for renovation loans that based on experience make concessions to experience operators. we are vertically integrated though for design, build, entitlement, leasing, and brokerage so there isn't much missing. licensed general contractor. 

In the process of using a quitclaim deed to put it under an LLC and empty the property of personal belongings. 

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?

He said he emailed us his 30-day notice to both of our personal emails two weeks ago, however neither of us received an email from him.

@Jon DawesI personally prefer liquidity and flexibility and like you said so many variables which is why it's never clear-cut in personal finance.  

I am looking to borrow 50k from equity in a 4 unit investment property to use as a downpayment on a personal residence. 

Personally, I perceive a fair amount of risk in the market.  

Rather than wasting it or leaving it in a bank account I'm interested in starting my own investment business to supplement my real estate sales.

The person that is handling the eviction told me that county court still has not received the paperwork and JP court is claiming they have sent it.