The $10,000 is not the full cost of the housing. The problem with IndieGoGo is if you don't meet the goals they take a very large percentage. The hope is to exceed the goal by a wide margin. The actual amount will come out to be around $400,000. Most of it will likely be covered by outside financing.
This raise is to directly offset the minimum rent we have to charge to be sustainable. That number is looking to be around 700 - 1000 depending on size of the room, much less than the $50 a day guest room rates. Think of that rate as more of an airbnb deal, but with a lot of extra perks.
Thank you all for your feedback. Hope that clarified some of the confusion.
Regards, Steve
If you have time I would love to talk to you personally about some of your concerns steve@thisisalifestyle.com