How to do PadSplit Due Diligence?

[Tyler James]

Hi Everyone!

I've been house hacking and STRs for a few years now. I'm looking at purchasing another property. In my market, I've noticed a few turnkey PadSplit properties for sale with corporate leases and property management in place.

I've never considered renting by room and nor do I know much of the operations of this strategy. However, the ROI is impressive.

Any tips on questions to ask to vet a property like this? I don’t know what I don't know at this point, but everything sounds too good to be true.