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?

All fees seemed right in line with industry standard, ($9.95/mo, per entity + one-time registration fees). 

However, terms are negotiated specific to each project. 

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.  

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

STRs are an option too, but you’ll need to navigate stricter regulations in some areas.

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

Have you explored specific neighborhoods yet?

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