I will accommodate a complimentary hour for late check-out if it's not a back-to-back otherwise I'll charge $50-$100/hour up until 4pm...We have quite a few guests take us up on it. 

Your expertise and time commitment combined with their financial credentials could be quite compelling to lenders.Cash Reserves: Demonstrating substantial cash reserves and a strong net worth can sometimes offset the lack of traditional income in the eyes of lenders.Private Lenders: You may also explore funding from private lenders or investment groups that specialize in real estate investments.Preparation: Gather a comprehensive package of your past successful real estate deals, including before-and-after photos, financials, and your personal investment strategies, to present to potential lenders or partners.In terms of market analysis, your commitment to developing buying criteria is crucial.

In my opinion, one of the great things about STR is that there is a wide range of accommodations, in a wide geographical area, with differences in property condition, size, location, cleanliness, amenities, etc.  85% of motels/hotels are basically the same, the major differences in many of the lodgings newly built seem to be the number of bars of soap offered in the bathrooms, and whether the property is served by two elevators or three.  

Almost no one does and they are very accommodating to the people who care enough to go to the office, though it is more than 5 minutes.Expect to appeal every single triennial assessment for as long as you own the property, so it's worth it to learn.

For older demographics, consider the availability of medical centers, entertainment, and restaurants.Buildings/Permits: Assess the city's growth compared to previous years.Determine if the city can accommodate future supply.Government Regulations: Examine the city's efforts and the type of businesses they are targeting.

Back Office Functions:Transaction Coordination:Implement a streamlined process for managing transactions from start to finish.Ensure compliance with legal and regulatory requirements.Financial Management:Use accounting software to track income, expenses, and profits.Establish relationships with reliable financial partners for EMD loans.Legal Support:Consult with legal experts to navigate complex real estate laws.Develop a comprehensive understanding of local title regulations.6.

However, one of the bedrooms is quite small to accommodate two beds.I have some concerns regarding code compliance, as it seems there may be too many people staying in the property, and the rooms may not be suitable for that many children per bedroom.What should I do in this circumstance?

Multi-family conversion to vacation rental has always appealed to me, as you can accommodate large groups, or small ones, by being flexible with how your group the units together.

Wonderful products and very comprehensive coverage.NREIG can be a good company if you are looking for bare bones prices and policies. 

Will the seller simply give you an extension to accommodate your LLC getting set up?