I'd imagine all of these questions (like what would happen in an instance when one individual would like to sell) would be spelled out in some sort of operating agreement before purchasing any property.

Ultimately, it's about ensuring the property remains attractive to tenants and maintains its market value without pouring money into upgrades that won't pay off.

I flip 3-5 homes a month here in DFW but still feel it's very saturated but can't imagine it's less competitive than DFW.

Imagine if you had one single-family home.

Once you have managing it down and you've got some experience then you may want to consider making it section 8 eligible.I imagine you're going to get lots of responses telling you to avoid section 8 all together.

What are your plans on cash, are you pouring them back into the business, planning to sit on a pile of cash just in case, or are you siphoning money out of the business hoping to draw income that just can't be supported at the moment. 

Rates will be higher as you may imagine.

Id imagine you want to at minimum break even if not have some healthy cash flow while you buy and hold.

Commercial insurance might go down but you'll lose the income from the lease so I'd imagine you'll end net negative. 

I can imagine they'd average out at about 2.5-4.5% over time (5% in a rare great year), but not close to 6%.