Love to hear your suggestions.  

I would suggest reaching out to the lender and asking for an extension which you will end up paying to do so.

@James Khail if you’re considering investing in CA, I suggest staying away from Bakersfield.

Anyways shoot me a DM if you still need suggestions.

Let's use 10% to keep the math simple.  

.- M: suggests to cancel on the morning after 7th night.- G: there is no refund at all with a cancellation and resubmitted the same alteration request. - M: the alteration request is 100% refund for unspent nights, which is not in line with the cancellation refund policy and would leave me at a loss.

Any suggestions on resources for that?

I would not add much, a simple bedroom, bathroom, kitchen, and hvac.Another aspect of this deal is that the building is listed as a historic building and thus could qualify for some grants. 

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Any paper trails that should be in place or is it as simple as giving notice at the right time next year and not renewing the lease?