It's OK to be happy with slow and steady growth instead of buying 300 units in six months at the age of 22 and building a YouTube following.

You may also want to consider owner financing the remaining balance if the sum of the mortgage is assumable too... why spend more cash up front if the seller is open to collecting a steady monthly income into their retirement? 

Besides maybe seniors on a fixed income are getting some sort of assistance that covers their rent - it could be a steady income generator as well.Feel free to PM me if you would like to run through more ideas. 

The price points are great compared to other markets (50-70 for C class, 70-100 for B and 100+ for A) with steady rates of return (8-10% for C class). 

It requires some know-how to optimize a site, but if done well it can be a steady pipeline of seller leads.

It has had a steady stream of prospective tenants. 

CS generally has better cash flow while still maintaining steady appreciation.

Emergency is only for fire, flood or temperature emergencies.

Optimists hope we get some Seattle/Portland people moving north for cost of living/quality of life reasons - or a natural gas pipeline - to boost job/pop growth - without those - we'll probably stay around a 2-3% appreciation rate... fairly slow and steady over the past 30 years here.Re:HOA's - nothing crazy as a realtor - some are high if they are covering all or most utilities - (gas for heat, electric, water/sewer, trash + exterior/landscape, etc.). 

Like Kasey said, we don't really get bad weather down here besides hot temperatures.