This will be a commercial loan.

Maybe a relative wants to JV this with you? 

This might turn out to be a good approach.   

Excited to see where this journey takes you!

@Taylor RobertsonSome buyer agreements include language for situations like this.

Sounds like this is going to be a great cash flowing asset.

.)- If use the property more than 15 days or 10% of the time it becomes a residenceI suspect this is part of why the STR trend has picked up so greatly amongst professionals working in tech.

I would lease it to cover cost for 2/3 years and then I would sell once I could get $475,000+  Would be a nice ROI and is actually doable.Love this idea!

This is an insanely low price.

Im not sure if I do enough to call it active but it's my only gig right now since I retired .No involvement , I go check on the property in Colorado on occasion to check it out the condition.from my decades of doing this you pay income tax to the state you live in..