Multifamily Exit Strategy

[Joshua White]

I hear so much about the importance of an exit strategy. However, is an exit strategy even necessary for buy and hold properties (multifamily deals) ?

The seller I've been talking with seems open to seller financing. I was hoping to just get cash flow and experience from this property (I'm very new to real estate investing. this would be my first property). The property is a duplex and one of the units is already occupied [tenant is on section8]. With both units rented, it cash flows really well. I'm always in the area, as I have family in this area, so I would definitely be able to keep my eyes on it at all times. I guess my main question is, is it a good idea to buy a property specifically for cash flow, knowing there's minimal equity ?