Here is my rationale for my beliefs...

Contrary to popular belief, this is not set because I believe it will give me a higher return.

As a result, people are investing here with the belief that rents and the property value of such building will continue to increase.

There are a lot of threads on this topic, many of which have lots of opinions in them along with personal preferences and beliefs.

The pros as you’ve stated, can be:-less maintenance as it’s a brand new property and things shouldn’t be breaking down, which as a new landlord is like operating with training wheels, as you will less likely be overwhelmed with constant maintenance requests-everything is in brand new condition which is appealing to prospective tenants, which can also allow you to rent out for higher amounts since the condition can make it more desirable compared to other options-the warranty (mine was 1 year) is very comforting to know you have it to fall back on-I’m under the impression that typically older/pre-existing properties have higher potential for cashflow, however, I feel that contrary to that belief, a lot of new construction fourplexes here have higher cash flow potential due to the higher rents you can charge.My current new construction fourplex cash flows pretty well, due to it having rents closer towards the higher end of the market, although the higher quality finishings make the apartments very desirable.Searching for my second fourplex, I’m leaning towards a pre-existing fourplex around 15-20 years old, as with the typical price point, it will allow me to have more funds leftover going into my third property.I’m pretty sure I know which new construction fourplexes you are referring to with that purchase price, as a buddy of mine lives in that city (if it’s what I’m thinking) and he was considering buying one of those new construction properties and the expected rents make it seem like it should be a solid investment.

It's not about experience...that's a limiting belief.  

It tells them they're not alone and reinforces the belief that they've done the right thing.

These response confirm my belief in that strategy.

Try not to let your beliefs get in the way.

My belief system is sort of a mix of "smoke 'em if you got 'em" and "If I don't do it, someone else will -- and they might not be as benevolent."