Quote from @Mike Toussaint: Hello everyone,I'm new to RE investing and was interested in a four unit property.

Real example: I recently placed coverage on a 4,000 SF four-unit mixed-use stone building dating to the mid-1800s.

If the average stay is 7 days or less (or 30 with significant services), that unit can be treated as non-passive if you materially participate.In your case, only one of the four units is an STR, so it doesn’t automatically convert the whole property.

In my mind for investors starting their work careers and investors reaching their peak earning years, the focus should be on building equity and appreciation. 

Work on your credit now, is my suggestion. 

.• Networking with investor-focused agentsEven before you’re ready to buy, connecting with an agent who works with investors can give you a ton of market insight — especially on which submarkets still cash flow.• BiggerPockets local threads and PHX Facebook groupsThere are active Phoenix-specific groups where local investors post deals, contractors, and market updates.

Four is not bad and over time, without question it's inevitable that you will get something bad.

I provide them the rehab work that was done and the amount of money spent.

I’ve been making steady income through contracting and construction work, but I’m in an active bankruptcy. .

It can work, but my suggestion is to build out a very realistic capex plan for each major element.