NO, to randomly just buy a new-con unit, rent it and assume appreciation will come will NOT work in a great many of instances. 

If you're the sole owner of the LLC, it just acts as an extension of you.

For instance, how many bedrooms do you want vs have to have?

I was choosing to have the sewer fixed and throwing a bone to the seller to take on the very needed, and extensive tuck pointing SOW myself to help the deal move along.

Have you asked the HML for an extension?

For instance, not knowing what type of panels are on the naughty list in the eyes of the lender will trip you up during a DD period if you haven't underwritten your line item expense of replacing them.

Needs extensive work but don't know true extent.

Renovated with cosmetic updates for immediate rental income, it offers strong cash flow while preparing for more extensive repairs and the addition of an ADU.

The most common is to move in family or a rehab extensive enough that unit cannot be occupied.  

For instance, when your people like david greene talk you can tell that they genuinely want to help people and I just don't get that feeling from this guy.