Yea, the area is not the best and the passed 2-3 months is always pretty tough to rent.

Unless I'm mistaken, the contract between owner/landlord and PadSplit doesn't have a defined monthly rent but a target/goal of monthly income (so it's hard to use that as lease).

Get ready for a month full of learning, networking, and real estate opportunities.

Conventional loans will require 12 months seasoning for cash out and are usually capped at 75% LTV 2.

I will probably do one starting again next month. 

After 6 months of non-payment, we were able to perform an eviction for this tenant.

We are BRRRRing it and we’re originally going to rent traditionally, however we decided to look into it as an Airbnb, and when we put in current loan rates which will be near or at 7% when we are ready, we’d only cash flow about $150 a month 😱, but as an Airbnb our projections are around $1,300 cash in our pockets monthly. 💰 At this point is a no brainer 🧠 and we know if it doesn’t work out or we don’t like doing it we can always revert to a traditional rental. 

In that time if you are netting $1,500/month - that is $54,000 worth of rental income you would make over the next 3 years.  

Find one with flexible pricing options, no long term monthly commitments and affiliate referral program.

It is a 4 month program for $8000.