I plan on keeping it as a buy and hold property to generate cashflow. 

We are a family shop that operates out of Lubbock, Midland, and DFW.

I would only want to consider taking a loan of that size however if I was CERTAIN any investment would generate enough income to cover the carrying costs.

Those 5 series are all operated under 1 parent company that only has to file one tax form.

You may also want to make sure you have an operating agreement in place so it's easier for all partners to be on the same page.You will want to reach out to a CPA and attorney to make sure all this is set up correctly.

@Matt Kalish In general anyone can have high occupancy but what matters is the revenue they are generating.

What is your "small portfolio" generating?

I have a buddy who is a 3rd generation landlord.

Hi Guys,If I am not looking for any value appreciation, but I look for the real HIGHEST return on investment (ROI) or actually net operating income (NOI), can you name some cities and return % here and share?

In states where lawyers are not "needed", title companies are often attorney owned and/or operated (like mine for example).