Originally posted by @Don Spafford:@Randall Gonzalez I just now watched the Jerry Norton 10k webinar talking about it.

Hey everyone, I attended some classes that turned out to be scams and watched every video online.

It is my understanding that the LLC and DSCR loan being in the LLC still protect us if we were to get into any type of litigation with renters but wanted to open it up and see if there are any watch outs I am not aware of?

I cannot afford another above the $16,000 which is why I told her $15,000 was the budget.I also stated to let me know of any extra charges that come up so I can watch the number.

My specialty as an example is working with investors looking to build portfolios of Short Term Rental/ luxury vacation properties all across the US.  90% of my clients use the 10% down second home occupancy loan.  

Otherwise, I'd say watch those areas closer to Micron understanding the barrier to entry will be significantly higher in exchange for the lower risk.

Hello I have been watching a lot of bigger pockets podcasts.

Watching said plan unfold is just incredible.How did you find this deal and how did you negotiate it?

You would be better off watching some of the old webinars here on BP and then reading a few books. 

It seems like location would be especially critical with pad-split (and similar systems), but I’d love to hear your thoughts on what to watch out for in terms of zoning, safety, or demand.Also, I’ve traditionally rented out units the regular way, so I’m curious how screening tenants works for you with the pad-split (and similar) model.