While that kind of income is not a deterring factor, when I looked over the terms of service many big red flags came up.

Perhaps we "buy" the house from them for the $328K balance to satisfy the lender and don't need a large down payment and then have a separate contract with them to pay $x per month until we've paid the full $172K amount.

Relating to services.

To clarify for those reading the company is Prime Corporate Services out of Utah.

Price point I'm not sure on yet, I've been slowly learning about all of these terms over the past month. 

My cousin is using one and likes it.Cell service is weak at our cabin PF so it would not work there.Might be good for a smaller house in an urban area with good cell service.

@Bonnie Low - it's important to know what services you're paying for.

Hi Lenders, currently in the market for a cash flow management tool to help organize payoffs and broker commissions to get a better understanding of how many more loans I can fund on a given month.

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).

Mind you, they had my plans for months.