This is one of those posts that I will need to return to frequently to re-read it to pull out all the juice I can.

And when you're done, read (or re-read) Kiyosaki's books and make your own decision on how to use, or not use debt.  

Read, then re-read his post a few times. 

After re-reading Pricelabs' section on their recommended base price not including all the various fees (not just cleaning, but for example, Airbnb's own fees, etc.), I've reformulated the base price to consider all these fees so that it better reflects the total price the guest is paying (independent of taxes).

Also rereading Ravi Batra's The Great Depression of 1990, just wanted a paperback for the plane ride and it is amazing how much of it is relevant to today's economy. 

Amazing information you guys are giving, I really appreciate it and I will need to go through and re-read - google your replies to make sure I have a good understanding of my situation. to answer some of the questions asked to me.I believe the first lien is coming in at 65% ARV, which would be right around 375k.

After re-reading the contract, it absolutely implied they could.

As to my false statement - if you re-read I also said "more than likely" and "can't say 100% bc I'm not a builder" mainly to be transparent that the statement was my thoughts and not from any personal experience I had. 

We will continue to reread and analyze all this information while we work on strengthening our financial position and educate ourselves about the REI world.

While that strategy may work, go back a re-read the posts above.