Austin new construction SFRs good deal?

[Ty Man]

Hello. A colleague and I are looking to partner up in buying 2 or more of the properties in this community (https://rsicommunities.com/find-new-homes/communities/42/prado/welcome) with 25% down and turning them into rentals. We intend to negotiate like hell on price since we intend to buy 3 of them. Based on discussion with a potential property manager, we could cash flow $300-$400/month per unit on a 30 yr fixed or break even on a 15 yr note. With Austin prices, looking more like 0.7% rent/price ratio; but considering that’s its new, maintenance and cap-ex should be minimal. My partner and I intend to “buy & hold” at least for 10 years and go for the 15 yr note. Could someone please poke some holes in my plan & thinking? My biggest concern is the inevitable correction, especially in Austin. Any Austin RE investors out there that could chime in ? Thanks.