@Patrick Philip Keep in mind banks will price there construction debt based on the Fed rate & expect to pay WSJ Prime +1/2 to 1 Point so 10% is not bad from an alternative lender at this time.

I would rather charge market rent per night and people see that and then add the market cleaning fee.Otherwise if you raise the rate to include Cleaning fees and someone stays a week, they are paying too much for the cleaning fee equivalent and this will make you look overpriced.

I would include extensions in this offer but they would have fees attached to it.that is how i would approach it. 

Also, per their numbers they are buying for 37 mil, debt 24 mil, equity 20 mil, 44mil minus 37 price = 7 million in closing costs, which is 35% of the total equity, RE commissions of say 4% total 1.5 mil so they are taking 5.5 million in fees up front as well minus the inspections/loan fees etc.

Cost me 5k, the upgrades were not unreasonable, and the electrical work included safety improvements.

For most of us - the GC that will 100% meet all the requirements including Work Comp certificates covering every person on the job site throughout the entire scope of the project is often too expensive to make a project work. 

If you have debt on the property, and it is under your personal name, I would leave my personal name on it and just add the LLC to the policy.

If they do so while owing you money, you (a) may get that debt owed discharged, and (b) they may or may not be compelled to move out of your property.

Considering this, which debt makes the most sense to pay off?

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