Every where you turn there are STRs going up on the market fully furnished because they couldn't pay the mortgage and bills with the rental income. 

Quote from @Jaren Taylor: Quote from @Chris Mason: If you have the ability to market and raise money, then you secure the down payment, and do the normal commercial mortgage process. 

The market in Scottsdale is cheaper than the Seattle market to buy, however, the rental market is a bit higher, so we would likely be renting for around $6k-$7k/mo. 

Since it is a family member and I would potentially buy the property for under market value.

There are very few markets that cashflow with 100% leverage.

They have been managing fine, although not too busy, I guess because of the market.

I’m brainstorming ideas on how I can market myself to potential mentors in the STR game in order to gain experience.

I have a small team but work 3 different markets.

The price we thought was very reasonable in this current market based off the other properties we have seen prior to that with similar layouts. 

We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc.....