Padsplit pros and cons

[Travis Schmidt]

I'm a new investor looking for ways to find cash flow in this challenging market. I was recently introduced to the rent by room Medium Term Rental platform Padsplit.com. It looks like a less labor intensive way to increase cash flow over the STR route but also includes structural changes to a single family home (additional setup costs) and dealing with low income tenants. I haven't seen any posts about this option and was very curious to see if any investors would be willing to share their thoughts or experiences. Thanks in advance!