You would have to check with your policy/lender for more details. 

Have a detailed scope of work in writing and set clear weekly milestones with your GC.

We updated his listing with better photos and added some details about the neighborhood amenities-like the nearby parks and cafes-and it made a real difference.

Send me a DM and I'll send you the details!

There is a free website that I use to find the estimated short term rent based on Airbnb data.The same information you can get from airdna but you need to pay for that service.

I think 5% is a pretty standard rate to estimate with, but beyond that you might be higher or lower depending on your approach to landlording. 

Since we don't have all of the details about your business partner's situation and the types of properties you own I've assumed LTR.

Please feel free to reach out so we cam discuss this in detail.

The cash flow borrowing full cost via heloc will be marginal, possibly even negative if using realistic expense estimates (I.e. something near the 50% rule).  

Do I draft the contract price for higher than the actual build price that would include our estimated profit (sell price) or would a separate agreement between the lot owner be sufficient enough that outlines the deal since we don't know the actual sell price until it goes to market?