I'd have them sign my own lease on renewal and I'd make sure I had enough information on them so I can go after them if a legal issue arises such as employer and other similar data. 

Hopefully, based on actual field measurements, past project data, and estimating software, your contractor can develop a detailed estimate that lays out the cost of labor and all materials for each phase of the project.

Hey Grant-  what did you end up doing to reconcile the data entry and system alignment between Buildium and QB?  

I’m happy to share more data if interested.

Then research local regulations and tourism and data. 

Read the full article here.https://www.politico.com/states/california/story/2020/05/07/california-faces-54b-budget-deficit-1282926The past may have been good to California investors but from the current data, the future does not look so promising.   

With all this said, to answer your question of how you'd value this for a sale, I'd get a STR specific broker that's able to market your property as a turnkey STR with data on the rents, figures, etc.

Just DM me if you want any additional data.

——————————————————————————————————From the previous month, below are some real estate updates, data points, and current events!

You can use Airdna & other STR estimator tools to get data on potential income/vacancy based on your location and property size.