As long as you don't lose money. 

I purchased one STR last year that was already operating as such (it wasn't my first, however).  

So, over $40 Million of fourplexes were sold in the last 14 months.

Usually my time spent with newbies last a minimum of 1-2 hours on our first meeting (either in person or on the phone).  

Verifying last 2 years of rental history very important!

Lastly, they like building relationships.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

It gives them the breathing room they need now but doesn't lock you in long term at that lower rate. 

How long did it take to complete those first three builds?

All good, he got the job and started on May, 10, 2018.To make a long story short.