Maybe he was having financial issues or he was in over his head.

I nodded my head while holding back tears and gave him a big hug in his hospital bed.

Honestly, you seem in over your head.

I nodded my head while holding back tears and gave him a big hug in his hospital bed.

Without looking into the deal much, you should know CREI are probably going to be scratching their heads at why your cap rate is so high (unless this is typical for the market you're in). 

I no longer will be using the GC, but the head of the crew that completed the renovation has become a great asset to me and business as a real estate agent and investor.

Without writing anything down and figuring off the top of my head, I would say this deal is cf negative.

My advice would be to hire/partner with someone who knows building/construction so you don't end up head-over-heals. 

(TWC) (Per TWC gap is actually 18,900 new jobs)Gradual improvements have happened each month in the three major categories — added jobs, percent of year over year job loss, and seasonally adjust employment rate.Where are things now, and where are we headed?

If you can, well then you can give it a shot.Also, if you are looking in a major metropolitan area, be prepared for rapid changes to the code that could prevent non-owners doing it to eliminating STR's all together.