That is the best way and usually how I operate especially in the slow season to keep my subs busy.  

I think this is a valuable reminder to newer or less-seasoned investors, that successful STR's are BUILT, not always bought. #3, Old coach is my favorite! 

@Dan DeGroff - I think you can probably do this as a primary residence since the scenario makes sense (e.g. you travel to Aspen for work during ski season), however, there are some major red flags here that you will need to explain and support during underwriting (e.g.

I.e. the value-add player that has moved to more core deals, or heavier performance alignments shifting overtime to more fee heavy structures.

We’re thinking it could be seasonality, especially since our place is ideal for families and perhaps most families have done their moving for the year before school starts.

I am considering buying a quadplex as a house hack, but the eventual goal would be to move back into my current primary residence rather than buy another, so the seasoning period for me to get another loan would not apply.

I'm in Chicagoland and we have what I call a "seasonality effect." 

It will be not only complex (but doable) to secure financing for it, but the real issue is that if you ever want to sell it, it will be super difficult for prospective buyers to secure financing unless they are seasoned investors which limits your potential buyer pool and potentially your offloading price.

I think this is the gift and the curse of a still emerging asset class (short term rentals) - as it becomes more "institutional" i.e. more like commercial real estate with more sophisticated buyers then financials and systems for this will likely become more streamlined and stable, but we are still in a place where the buyer pools are more newish investors or typically residential basic investors, so not has experienced or sophisticated evaluating investments based on a detailed financial analysis like more seasoned commercial investors likely would.anyways, just a guess on what might be going on here

The "BiggerPockets Real Estate Podcast" is another resource I would suggest listening to for advice from seasoned investors.