The best thing you can do is really be on top of them with the draws.  

Rogelio,I would check with a local Title Company to ask generally what they have seen in the past.Check with an insurance agent, even specifically the borrower's insurance agent, as to required terms.Finally, armed with that info: work with an attorney to draw up ironclad docs.My 2 cents,Mike 

Either way, you want to be close to something that is drawing visitors to the area or you'll likely face too much competition to be profitable in my opinion.  

The long and short of it, you'll more than likely need an architect to draw plans to do the conversion.

Tenanted properties are extremely challenging to sell and the recent change in notice period has made that worse in BC.You are in a tough spot either way, only you know your financial situation and your numbers.Even after renting it'll not cover even the mortgage interest, let alone other costs.Another alternative is to never sell and keep drawing some cash out of it by refinancing when the interest rate hits a low.

Lol, quick draw

My rental is in Upstate NY and I have a great lawyer that I could refer to you who could help you draw up the appropriate lease.

Construction documentation, such as construction drawings, specifications, contracts, job reports, change orders, payment requests, and vendor and supplier invoices, are used to determine unit costs.

Lots of metrics to draw on here for comparison purposes--number of accounts, users, wallets, transactions, etc.

Navy Federal has the longest draw and pay back period I have seen, whereas my local credit union has a very short draw/repayment period.