There is always an element of risk. 

Like it’s always said on the podcast and forums, I don’t need this first deal to be a homerun, I just need it for the main purpose of getting in the trenches and getting experience for the next 100 deals!

In Maine, it's very common for landlord supplied heat simply because heating oil and winters can be so unpredictable that both lower income tenants AND financially savvy blue collar tenants lean toward "heat and hot water included".

But mainly flip @Aaron Klatt

For buy and hold, I am looking for properties with more cash flow than this (so mainly outside of Austin).

I add a 10% repair in every month.Utilities look low for amount of units also lawn and garbage and pest control could be more I'm in maine I pay heat......It's better to be conservative also for my banker I have to have 1.25 dept to loan ratio

All different flavors of ice cream out there.I have seen some buy to hold and said they would never sell but they had a compelling reason like an offer that came in (knocked their socks off) it was so good or they wanted to recapitalize for more existing property acquisitions or new development projects.If you study business it is mainly about PERCEPTION and MARKETING.

@Micah LeeWell some ofyour numbers are likely low, mainly property management and potentially water too.Your taxes are high and you’re financing a Ton which also doesn’t help.

The main downside of this is that you will start accruing interest from day one of the loan, versus a HELOC that will only accrue interest when you make your draw(s).2) I would suggest speaking with your accountant and/or attorney. 3) I wouldn't be very excited about a $200K house that is going to yield $1,200 - $1,400 per month.

They did extensive upgrades post-purchase, so a lot of the elements have been updated.