By short-term rental business model, I mean no on-site staff, no food offerings, no daily housekeeping, and listed on the common short-term rental platforms. 

Background out side of REI: I have a masters degree in sports marketing/business and currently work at Fox Sports as an Account Executive selling our TV and digital assets (commercials, in-game logos & reads, activations).Short term goal: networking on BP including any meet-ups in SoCal and retaining as much information on the forum and podcast that I can, to put into action!

Now I have local staff that do 95% of day to day and I just look at deals and toss them to the team when I close on one 

I would actually advised against Sherman Bridge Lending since they do not fund at the closing table until all docs are executed which will put you in a precarious situation with the seller.

If X is a certain amount greater than all of the risks involved, then you would go ahead and execute the plan.

Perhaps also consider advertising it as an executive home for sale or long term lease - something with less of an initial commitment, then negotiate for a later sale while accepting cash flow from it.Otherwise, not sure how to salvage this one ...

Private Source has exclusive rights to proceeds/disbursements up to 8% of initial cost of construction is reached each year (after which proceeds are split with me 50/50) and all right offs until I execute the option to purchase.

Deposit:Upon execution of the Agreement, the Purchaser will deposit the amount of $30,000.00 which will be fully refundable if the Conditions Precedent are not satisfied or waived in writing by the Purchaser.

The professional liars consisted of account executives with major lenders and borrowers, of course.

But it does give you what you will need to cover.Also, in MA, it is customary to use an Offer to Purchase, and move to a Purchase and Sale contract subsequent to execution of the offer.