Looking for creative financing/partnership!!

[Keegan Schaub]

Hi, 

I have STR house I am looking at that has great potential but is a bit out of my price range. Looking for advice on where to come up with the money and/or partnerships. The asking price is 1.15mil.

The current owner has lived in the main house and rents out the guest house which to my calculations grosses ~$75,000/yr (AirDNA avg occupancy 70% and $294 ADR). The guest house alone would pay for the mortgage.

The guest house already has 4.99 star superhost airbnb listing with 237 reviews, great amenities and a view of Mt. Adams and possible St. Helens! Also has an Instagram account with close to 1k followers.

With the 3 bed / 2 bath main house as a separate airbnb listing (~$400 ADR / 70% avg Airdna occupancy) this property could gross ~$150-200k/yr with little competition in the area. Estimated mortgage monthly cost is $5,500

Any help is much appreciated!