Namely, that if a tenant (in this case accompanied by a whole family) ends up stop paying rent and I would be on the hook for both covering the mortgage and dealing with open ended legal costs and time.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Ironically, high income earners can make more passive income through tax mitigation than they can through buying high cash flow deals in nearly every situation. 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

If anyone has an end lender that has successfully closed a handful occupied padsplit loans and can underwrite based off actual padsplit rents I would really appreciate an intro.

Their interest, like a real estate agent, is simply to churn incoming flows of money at a high rate in order to get their Commission and their cut.

The game is best played following the strategies for the phases one is in; growth, dividend, end of life. 

They market and sell the lead to an end user. 

This highlights why it is also important to manage lease-end dates. 

🚫 “This seems priced too high.