Would love to hear thoughts from experienced investors—does this approach make sense for a first-time real estate deal?

I come across SFR in other states from time to time direct to seller. 

Yeah, pretty minor so just keep it in reserve when its time to renew.

If you have an adjustable rate mortgage and it is likely to increase significantly in the future, rent growth rate may not compensate for this and cash flow is likely to get worse over time.

Just hire a full time lifeguard .

This happens all the time, usually with heirs, but it can be squatters as well.

Hi, I am just about to get started in real estate for the first time: I am thinking about getting a triplex.

Instead of stressing over timing it perfectly, focus on making sure the deal still works even if rates shift.Since you’re buying in Norfolk, check if lenders there offer any investor-friendly incentives.

Based on this of course it would still be risky, specially being the first time but better start somewhere than just keep analysing properties right?  

This deal showcases the power of smart investing and timing.