IT looks good and has a reason....you can get fancy and use glass tile for an even bigger pop....I think $500 is high....way high.

This sounds like it could be a good deal for the partners, and perhaps the bank, but a terribly risky deal for you, with little upside.What exactly do you mean by, “There will be a promissory note drafted for the amount and the duration and interest rates”?

Good luck Whatever you say dude. 

A good kitchen setup sells homes!

A good attorney will be able to review this and advise you on whether it can be fixed or if you should walk away.

If you want to offer a "rebate" of some kind after they stay up to date for certain amount of time, I'm more inclined to go that way, but in general theres no real good reason to put yourself as the owner in the middle of the utilities unless they aren't metered in a way to bill directly.  

As a landlord you might want to go with a cheaper "named perils" policy instead of a comprehensive homeowner policy.I guess the good news about your HOA fees is that you're not being hit with an assessment in addition to higher fees. 

Lots of good content online regarding this process.

Your credit is low and you can qualify for a loan right now but you want to improve your credit score first in order to get a better interest rate.You have good credit but the interest rates are still too high right now and you want to wait until the rates come down before you get a long term mortgage.You just started your own company and you don’t have 2 years of tax returns so you are not very bankable right now. 

All by the room bookings required background check verification  That is good that you do that!