However, terms are negotiated specific to each project. 

Eventually I realized that you really just need to look for a deal that fits your criteria.

Hi Shawn, I don't think the verbiage in a notice like this is state specific.

Big welcome.. do you have a specific neighborhood in mind, or are you still exploring?

So to answer the question specifically no I would not buy a property that did not cash flow and only for tax basis.

Learn what each one of these are, and see which makes the most sense to apply to your specific financial plan. $150 cash flow on any rental especially a triplex is dangerzone imo. 1 month of vacancy of 1 unit could destroy a years worth of financial gains.  

The specifics of your situation will determine where you might need to fall on that spectrum of holding period.

I’d like to ask a couple questions about one specific property I purchased Monday. 

@Matt Weddon, I try not to even think about those types of things UNLESS there is objective documentation or they admit to doing something specific.

If you have specific questions about property management, I'll be happy to help!