The cons, if the borrower doesn't pay on time or completely welshes on it then there's that oportunity cost. 

Although the list may seem intensive, I look at it like this: The total cost of all these items can be much lower than the cost to repair a hidden surprise after purchasing a property to flip. 

The forms are online, and it costs $100 per filing. 

Here's a link to both of their PadSplit stories:Jeff: https://www.padsplit.com/host-resources/case-studies/jeff-we...Fernando: https://www.padsplit.com/stories/hosts/fernando-and-amaris-c...Quote from @Bob Willis: I am interested in talking to someone about the process of funding via DSCR the acquisition of a property currently being run as a PadSplit.

There are ways to mitigate the costs and protect yourself to the extent possible.

Hi @Elias Halvorson,Both markets offer lower costs of entry and opportunities for cash flow.

Will it cost more?

Most PM software allows late fees to be charged.Ours allows us to absorb the cost of tenants paying electronically thru the software - it usually wants to charge tenants, but we want them to pay electronically.We manually charge tenants a Processing Fee for mailing in their rent, a slightly lower Processing Fee for depositing to our bank.Your success will depend on the Class of your tenants.

The customer feature also links to the project feature if you want to make use of that eventually.This structure works great for our clients and their tax pros.

The two deals with friends both ended poorly with friendships ruined and tens of thousands in legal fees and court costs.