New construction buy-and-hold strategy

[Kevin Klaas]

Newbie investor here looking for advice. 

Any thoughts on investing in areas with new construction through buy-and-hold? What are the drawbacks/limitations?

To me, it seems like a win-win scenario. Fewer cap ex and repair costs to worry about and rents would be higher. I would imagine the profit margins would be thinner since there are fewer value-add opportunities through the BRRRR strategy. But as a first time buyer, it seems the risk would be significantly reduced.

Would love to hear some thoughts. 

Thanks everyone!