Quote from @Erik Estrada: There are a very small pool of lenders okay with a PadSplit.

Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class will affect what type of contractors, handymen and property management companies you should target and be willing to deal with a property.The Property Class will also impact the maintenance & renovations you do to, “Maintain to the Neighborhood”.Why is that important?

   - Big TImber Cabin - 5br/5ba, pool, mountain views - 2024 gross rent $285k, 2025 gross rent $317k- Play All Day Retreat - 7br/4ba, pool, theater - this one has three full years of data - 2023 gross rent $237k, 2024 gross rent $247k, 2025 gross rent $251k- Relax and Enjoy the view - 4br/3.5ba, AMAZING view - 2024 gross rent $97k, 2025 gross rent $108k - this property almost beat i's all time high of $113k which was 2022 post-covid craziness- White Horse Bungalow - 3br/2.5ba - Mountain Views - 2024 gross rent $60k, 2025 gross rent $73k- White Horse Lodge - 4br/3ba, Pool, Mountain views - 2024 gross rent $146k. 2025 gross rent $161kOne of our new properties that launched late in 2024, By My Side, hit our pro forma projections of $110k and is a top 5 two bedroom property in the market.Even the property that had significantly lower rent in 2025, The Boujee Buffalo, had a cool success story. 

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met, and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance: Property Tenant Pool: closely linked to location, but not always.

Buying a better property means a better tenant pool wherever the property is located.

Solid neighborhoods with a decent tenant pool will beat high cash flow on questionable areas.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met, and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance: Property Tenant Pool: closely linked to location, but not always.

I always start with tenant pool.

Too many, and you’ll drop the ball.

I was also informed that for mid-term rentals clients are looking for higher end properties with pools, $800k or more range (which is too high purchase price for me).