There are privately managed motels that do "ok" but their rates are DIRT CHEAP to be able to compete and their occupancy isn't even close. 

I would argue there's more important things than a balcony. interior finishes. we build a triplex stacked over and over and no balcony. on our infill single family home we have two rooftop terraces and covered balconies that we are designing now to sell quick. it's more of an amenity to compete and get a quick sale. 

I'd recommend nothing shorter than 5 years.Regarding your specific questions:1) Yes, any competent closing agent (title company or attorney, depending on your state) can prepare the note and security instrument (security deed, mortgage, etc.) you need.2) See 1.

I am asking both in terms of their turnkey products and in general how competent they are and trustworthy. 

However, I'd like to start building a some key players on my team.

I'm not a glamping expect, but it seems like that might be a harder niche in which to compete the further COVID gets in the rearview mirror. 

As someone who works in private equity/private credit, I can attest to the fact that they are major players among the large institutional investors.I work as a fund accountant and performance metrics are a large part of what I do.

And when things break, the chickens will come home to roost for all SF/subto/no cash in players or folks who bought into the FOMO without reserves.

The only thing I would add is most commercial insurance carriers will accept buildings 4 units and greater, so there couldbe other options out there that can compete with Foremost. 

Punta Cana is first and foremost an all-inclusive destination and there's no way an Airbnb can compete against those.