The applicant was initially upset and claimed no other reports has previously caught flagged this.

By leveraging shared housing, you can:✅ Lower your initial investment✅ Maximize cash flow✅ Reduce financial risk✅ Make better deals for investorsQuestions for the Community-What's your initial thoughts on the above? 

Please keep in mind, since this is a vacation home, it will not be covered under the protections of an LLC (at least not initially) so we need to make sure we have liabilities covered. 

Your initial monthly payments will be very low and then build up as the project gets to the end.

Before moving forward, negotiate better terms with the hard money lender you initially spoke with and ensure the seller is fully on board with second position financing.

I had the initial call with a PadSplit sales person, but I wanted to talk to somebody who's actually doing it to get their perspective and advice.

Initial beneficiary is the seller and the this can transfer to buyer at closing.  

With initial projections we were expecting to NET 60k/year. 

Initially you can interview and find the one that fits your needs.

I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much.