Also you should try to find a construction manager and take them to lunch, they should be able to give you guidance on cost to build.2.

The other issue I find when people draft their own is that if you have a problem and then need an attorney to work with you, it will be much more costly as they now have to learn your contract, vs the one they are familiar with and that is used widely in your area. 

I find VRBO to be very cumbersome to use and get about 10% of my booking through them, and as mentioned before they are not host friendly. 

At this point either find another lender with lower fees or just deal with the costs of closing.

The warranties always take a lot of time, and you will either end up filing a warranty to find that it is going to take too long and then purchasing something else the same day, or you will end up giving refunds back to guests while you wait on the warranty to be handled.I learned this the hard way when I first got in to rentals.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

There are sine good STR analysis spreadsheets that have been posted on here previously that you can search for and download.One of these is all you need to run the numbers.You'll need to find occupancy and nightly rates to plug in.

I actually contemplated leaving as well as my start seems similar to yours.I'm an agent of eXp as well and finding a good mentor was so worth it.

I'm similarly surprised to find that their written OneRate plan management agreement states: "For both Evictions and Other Suits, Owner shall be exclusively responsible for all attorney’s fees, vendor, service provider, expert, and court costs."

Has anyone had success finding a lender who would accommodate this?