Hi,Can someone help to review and comment on my first pro forma estimate below? After running the numbers it seems that my construction costs are too high and are killing the profitability of this potential project. I...

Usually you're required to mitigate losses, as well as have a spelled out break fee.I'd say two months would be a safe bet, but one at least.

Get a public adjuster to quote the loss amount.2.

In the same way that being a chef and owning a Red lobster both make money from selling food, but are not considered the same job nor require the same skill sets. 

I don't know anything about Ocean Isle, so I would do a lot of homework on the seasonality (as others' have responded about so far), peak season, how to make revenue during off season, or ways to get a 6 month renter in there during the off season to offset losses.

Then all profits and losses are attributed accordingly.

After getting the phone call from police that her duplex was the one where they were storing the stolen goods at(among other substances) she got with a lawyer to see what she how she could mitigate losses. 

I would sell your car if you can do so without a loss and downgrade to the $2-$5k car that you can tolerate.

They should’ve insured the property lines as well and you might have a claim for any loss or damages.

Every available space in the kitchen was filled with enough food to feed a dozen people for a week.