This poses a few problems: 1) we always seem to be competing with one another. 2) There is no standard of care between the buildings, both of mine have been re-roofed and re-sided, other have the 1970's wood siding rotting off. 3) We compete with rents, and it has caused some owners to say that this is their worst property.  

What is a standard interest rate in this type of situation or investing in general?

I suspect these packaged ones won't live up to the DoubleTree standard.

You'll want to find out from a lawyer or local investor what paperwork is standard in your local area.http://www.biggerpockets.com/forums/48/topics/104807-joint-venture-strategy-advice

Since we will have to have a lease with them for the two months they will be staying there, I was wondering if there was any way to protect ourselves more than a standard lease agreement in this situation. 

Your scenarios should be based on the confidence of your projections (in statistics, it is based on the # of standard deviations from the norm based on the type of distribution for your data).

Odds are you will have a couple bad apples but learn from your mistakes and strengthen your standards.

As an agent I have found that different municipalities have wildly different standards when it comes to public information regarding a property.  

Hi All - If we're filling out a standard purchase and sales agreement for a cash deal, how would we include the paymeant of back taxes on the contract if this is part of the deal.

They set it up to be the equivalent of 135 hours, which the BRE determines is the standard to sit for the licensing exam.