But that's just me, maybe your market can tolerate higher nightly rates.....I agree with Bruce.

He get's principal and simple interest payments over a number of years.I'll manage the deal and the property.Looking to create a proforma for this that would fit a typical rental analysis but insert the detail of having private money cover the DP.

By understanding the local market and organizing a strong support network, you will unlock varied opportunities for growth and long-run success.If you’re interested in learning more about how to get started or want to discuss specific opportunities in Phoenix, feel free to reach out to local experts or explore educational resources tailored to this market.How many foreclosures are there today vs 2010 or historical average in Maricopa county? 

Hi, I am just about to get started in real estate for the first time: I am thinking about getting a triplex. What can i do to get started on this?  I am located in Australia

Plus any other advice would be greatly appreciated as this is all still very new to me! 

Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.

However, prices for a comparable 5-bedroom home in Washington are significantly higher, likely around $1.5M or more, which would mean taking on a new 30-year mortgage with 6+% interest rate and limiting new investment opportunities.2.

@Nick AmDepreciation is a ZERO % interest loan.  

Following this for my own interest

Is it the last rental rate you charged, or is it the going rate in the area + 10%?