Obviously I am not charging rent for this time, but what amount is fair for motel accomodations?

I assume it’s fairly accurate and has been a nice resource to help me and my wife stay on track.

I am fairly new to the real estate development/home builder market.

I think your assumption of 4.5-4.90 is a fair assumption. 

in so cal it would be RARE to have a lawyer involved in this transaction @David Weintraub  we are a title and escrow stateso take out the 1k  and the two addition doc review fee's 750 and 795  those are straight to the lender for his profit side.other than that fee's are fairly standard..

I'm fairly new (Started 3 months ago) but it seems to be a good deal the GOI is 96,000 it currently has long term tenants with a 100% occupancy and the NOI is 59,000.

I've had better experience with "fair market" transactions listed by motivated individuals.My advice is to have your agent to set up a search for vacant houses with key words like 'fixer-upper', 'probate', etc.

If thousand of apartments come on line with 3 miles of each other all at the same time then it is going to be hard to maintain <4% vacancy rates.

If I wanted to use the keyless entry (with backup key) at the most commonly used door only... and then use LandlordLocks MFS icore locks at the others would I end up having multiple keys to maintain for the same property?

As @Tim Emery implies, in the actual resort towns a lot of the real estate has been well picked over and ROI's tend to be fairly low.