I had a town home one time that I had to wait 10 years to get back to what I paid. 

Ideally I'm targeting B to C duplexes/triplexes with minimal to light rehab (since this will be a first for me).

But I am still excited about the whole journey and I can't wait until I get everything rocking.

We are just getting started in the STR business and want to absolutely minimize the amount of additional expenses we have. 

Or should I just wait until I can work as an agent full time and then decide?

We encourage our investors to keep their money moving by lending, JVing, etc.. while they wait for a good opportunity to take down.

Now it’s a waiting game.

Another mistakes by newbies is, they wait for everything to be perfect. unfortunately, not everything will be perfect.

No 2 years tax returns, months of statements, $700 appraisals, $1200 lenders title insurance, large origination fees or waiting 45 days with fingers crossed.The other advantage is refinancing is much easier on you and the property and if you bought with SF below market value, the value will come into play after 6 months. 

Luckily we had it and were still able to close on time, otherwise we definitely would have lost our earnest money AND the deal as there were 4 other buyers waiting in case it fell through.