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?

I have lost a few EMD's because I put too much trust in the photos. 

But I'm also producing good cash flow, which I plan to first save and build a good 6-8 month emergency mortgage fund for both my rental property and my primary residence.

Gaining experience is always a great way to build a solid foundation in real estate investing.

As you continue with this journey, you will need to build up some skin to not let it bother you.

I am approximately 85% of my way through the prep and am about to buy the land to start the build.

Pricelabs is important, but right now, the most important thing is for you to spend time in Gulf Shores establishing trust and relationships with local vendors.

Ir willl cost 1.5 to build it all.  

Focus on how to juice cash flow if possible (rent by the room, separating spaces, etc.) or decreasing expenses (assuming a loan, looking at new build incentives, aggressive offers w/ rate buy downs that work for you, etc.) 

Think about moving into a building with several units close by to help pay for where you live.