In theory, it should be possible suck up water with a wet vac and then dry quickly with booster fans and a commercial dehumidifier (we keep a set of equipment around for that purpose) before the carpet develops an odor.

I have a 3 bedroom apartment with a total of 7 windows that all look identical to the one in the photo above.

The cost of an employee (depending on your state and business structure) can really add up once you account for all the overhead which goes into their work (labor, equipment, insurance, taxes, business administration). 

Comps need to be as identical as possible.

If you get two nearly identical offers where one is asking for you to pay their agent 2.5% and the other is asking you to pay 3%, you get to decide if that .5% is worth it.

There are many Business Loan Applications, which are virtually identical and carefully worded, that you can find online.Hopefully, your lawyer includes a Certificate of Non-Owner Occupancy in your loan package, and language to that effect is liberally mentioned in your note and mortgage/deed of trust.Consider obtaining a script offered now by some lending attorneys that you can use to interview your borrower about their intent during a recorded Zoom call.

Fortunately with this being a hotel asset you are better equipped to coordinate the necessary vacancies to proceed with the improvements.

Does this quote include equipment and labor? 

If you don't get any information from his credit/criminal, you can at least verify identity and income.3.

To summarize, I am fully equipped, licensed, and knowledgeable to handle all aspects of the actual repair, however my ignorance lies within the funding (hard money) and the business aspects of home flipping.