I had previously posted the property for rent, showed it and screened the tenants.  

Quote from @Steven McPherson: The 10-year is pessimistic about the next few years. 

0X or more the Investors are hoping.

There is next to no privacy.Weddings that book venues of quality, which is how this home views right, of quality, these weddings are predominantly of a certain size threshold. 

The current price of the house is worth about $900000.

You didn't think about there life, where there motives will shift too, what comes next 1, 2, 5 years down the road. 

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.

Since you already have experience with both short-term and long-term rentals, house hacking a duplex could be a smart next move.

There are several myths that we have to debunk before someone truly believes they can do it.You need millions of dollars to do a dealThat it’s too complicated to figure outThat permitting takes yearsIn those communities developments cost way less (think a couple hundred thousand along with a loan from a regional bank), permitting is not difficult (much less red tape), and the towns are small enough that both the city staff and the local architects and engineers and contractors all work with you to help you navigate the process since you’re all invested in making your community better.Note: The big boys can play in the primary & secondary markets.

MAREI's still here, we meet at the Double Tree on the 2nd Tuesday of the month from 6 to 9 and we have a meeting after the meeting.1st Meeting is FREE.We have generally 100 in attendance.Come out and check it out, join our community -Next meeting is February 11th, 2025