If he avoids chasing deals every few months he should be okay.

Too many people chasing cash flows in markets they don't understand

There are plethora of landlord platforms that force you to use their own 3rd party banks to deposit rent and charge $2.5-$5 per transaction to directly ACH into bank of your choice (ex: I love Chase Bank).

Quote from @Scott Vaeth: A bird in the hand is worth two in the bush.I see so many new investors lose thousands (or tens of thousands) every year by making rookie mistakes with existing rentals.

Birds of a feather flock together!

Hey Chase,BP has a plethora of knowledge!

We also were approved for the Chase Ink.  

So they squander their precious time chasing lost money.

Remember they are first and foremost chasing the insurance dollars and they are going to take inventory of anyone connected that has insurance.

We find many investors chase cashflow by buying Class C & D properties/tenants, but then expect Class A results!