Hello,I wanted to know from experienced investors how do you develop a solid offer letter without the use of a real estate agent?

For example, the profit split on a ground-up development deal would be much different than what you’d expect to see on a plain-vanilla cash flow play. 

Ultimately I would let it go if threats and intimidation have no effect.

I decided to go with the contractor since I'm interested in developing and want to build some good relationships.

Yes, eventually you'll probably need an entity or LLC to purchase and manage commercial real estate effectively, if that's the strategy you're looking to do ....but do you need to do it right this second?

If you haven't already done so I would advise to develop a plan.

So far my 2-bedroom listings have generated a ton of bookings but I'm starting to consider STR for my larger properties and I dont think I'll have the same demand on 3 bedroom or larger properties so it would seem to be far more effective to rent out by the room.

Not having an agent had zero effect on it being a desirable or nondesirable offer. 

As for "bleeding cash" -- we're certainly not the first startup to be unprofitable for a number of years during its development and/or scaling phases, nor will we be the last.

I realize that once I pay the legal fees, I'm effectively ouut that money.